Why new Gold is confiscateble

It is silly to think that anyone wants to take your gold in this day and age. By the way I think that people who are serious about investing in metals buy mining stocks. Yahoo Finance has a gold sector section under industries to research companies in this sector.
http://biz.yahoo.com/ic/134.html

 

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I'm pretty paranoid [ask anyone, but let me know what they say ] but not enough to be worried about the government confiscating gold again. First of all, there isn't enough in the hands of people to make it worthwhile to undergo the bad publicity. Imagine watching the news and seeing the government melt a batch of double eagles, destroying part of American history. It probably would have the same public relations effect as tearing down Mt Vernon to build a mall. Second, gold isn't used as money or in settlement of international trade anymore, so there is no real need for it. Mike is right. The original order was targeting gold already in the banking system and centralizing it at the Federal Reserve. And they already have most of the gold.

I think everyone can relax.