The US government bought the citizens gold as it was illegal to hold gold at that time. Once all the gold was purchased at spot price the price gold soared 75%. If you have fears of this happening again I wouldn't own any gold ETF, stocks, index funds, etc.. I would hold physical gold. It seems more realistic if the US government wants to confiscate gold, silver, money, stocks, etc. they will do it digitally and confiscate from your IRA, 401k, savings account etc.. I highly doubt they will go on a wild goose chase trying to take physical precious metals.

from what I understand, fdr allowed citizens to keep some of their gold but had to turn in their "excess" gold. How much gold could they hold on to before it was considered "excess" or "hoarding"? What forms of gold were not confiscatable? Could citizens hold on to gold mining stocks or ETF's?