wouldnt the US just confiscate it all if it got to say, $5000 ? ?
This guy says no, if only because the BIS (the same BIS that has been in goldbug news lately) supposedly still has claims against the U.S. gold priced at the old $24 price.
http://fofoa.blogspot.com/2009/08/confiscation-anatomy-different-view.html
Other arguments against confiscation are that the world economy is much more global and mobile than it was way back then.
“wouldnt the US just confiscate it all if it got to say, $5000 ? ?”
Only if they knew you had it.