It has happened before and will happen again. The US Gubmint is broke. In lieu of QE4, 5, 6 ad nauseum, they will take our gold to finance their New Socialist World Order.
Just MHO and a wild guess.
I don’t see the American people meekly giving over their hard assets to the “government” this time around.
There will be a lot of blood shed should they try this.
The wife and I were discussing last night what we do with the 401K. Pull it out, pay the taxes....and then what?? Buy a warehouse and fill it full of non perishables for later sale or barter?
Whatever we do, we are going to get screwed.