“You don’t want to hold gold in America, where expropriation is a possibility, as happened in 1933.”
It’s ok....the gold is in the back of my gun safe.
So, expropriation might be costly.....
Gold transactions will also be outlawed. So you'll have to convert your gold to currency on the black market, paying a huge transaction fee.
Even so, if we're in a hyperinflationary environment, you'll still be better off than holding your wealth in fiat currency and watching it all melt away overnight.