[mountn man]

The ENTIRE WORLDS monetary system will come crashing down.

Which is why people are buying up gold and silver, and maybe copper.

I realize buying metals is a wise hedge against inflation of fiat money. But whats stopping the powers that be from pulling an FDR, confiscating Gold (and silver, platinum and maybe copper) ?

[NeoCaveman]

I suppose they could do a confiscation or raise the taxes to the point of being a de factor confiscation. It could still happen but I think it won't for several reasons:

1. It's not 1933 anymore. When FDR confiscated the gold it was part of his plan to devalue the dollar (from $20 for an ounce to 35 an ounce) with fiat money, there is no need to confiscate to devalue.
2. The other metals have never been confiscated before, so they have that going for them.
3. Only about 1 to 2% of Americans are into hard assets so they might not be "in the sights" of the government this time.
4. If the monetary system collapses, how are they going to pay the thugs to do the confiscating.
5. Massive noncomplainace and a highly developed black market would likely emerge.

[blam]

"But whats stopping the powers that be from pulling an FDR, confiscating Gold (and silver, platinum and maybe copper)?"

(Ahem) Nickels are legal currency.

Why You Need to Own Nickels, Right Now

Also, (gold) Krugerrands are also the legal currency of South Africa.

[TexasRepublic]

“But whats stopping the powers that be from pulling an FDR, confiscating Gold (and silver, platinum and maybe copper) ?”

They can only steal that which they know about.