FDR had to change the price of USD to gold, and ban public gold holdings - because the world at the time was on a gold standard. FDR conducted outright thievery from the American public.
Now the world is on a 100% fiat, central-bank printed money standard, so for now anyway, its immediate role on the USD and other currencies is greatly reduced.
Sadly, no one sees the connection between gold and limited-government and freedom any longer. A government and central bank that can create unlimited debt in a printed currency with manipulated interest rates can pursue any repression and social-engineering scheme it wants.
Everything you wrote is true. However, I believe it is wrong headed thinking to believe that governments in crisis would not have an appetite to confiscate gold today. It, and other precious metals, would compete with the fiat currency markets, as broken as they are. Also, the confiscation of assets would be required during the huge “bail in” that would inevitably result from a global stock market crash. There are also a myriad of other reasons why they would confiscate gold.
“A government and central bank that can create unlimited debt in a printed currency with manipulated interest rates can pursue any repression and social-engineering scheme it wants.”
Bump