Writer Stewart Thompson says there will be no confiscation, as they already did it by taking gold down to ~$250 where weary gold holders willingly dumped their gold. He further stated that with 3 trillion dollars sitting in IRAs, 401(k)s, and pension funds, these will be the most likely targets of the government. That kind of money just sitting there will be irrisistable to Uncle Sam, and much easier to grab. Swapped out for government paper, of course to "protect" the citizens against that horrible volitility.