Did they shoot in the 1930s when this happened under FDR?
Our histories have been revised, so I really don’t know.
FWIW, I believe all gold and silver should be *industrial* quality, such as bullion. Find a small-time metal smith and have it all turned into link chains. You can trade off a link at a time and it will remain *jewelry*. If you think even personal jewelry will be confiscated, talk to your smith about plating the PM with something base. The problem with that, is you will need to have it melted down and refined in order to use it and there is loss every time the form of metal is changed.
I think the thing no one wants to accept is that anything at all can be made illegal to own or trade. It doesn’t take confiscation or even even a law. It can just take manipulation of the markets to crash the value. If, instead of PMs, someone is hoarding cash, that cash can be devalued through the markets, too.
Think about all the hoards of gold and silver and even brass *currency* that is constantly being found buried in Britain and Europe. Think about Confederate dollars and bonds. Historically, this has all happened over and over again in the past.
Buying legal currency, Kugerrands, Pandas and American Eagles, could accomplish the same, eh?
I found a roll of 1/10th oz Chinese Pandas in the curb at the Dallas/Ft Worth airport in the late 80's. They looked sorta like a roll of Life Savers, one was missing.