Will World Governments Confiscate Gold?

"We know that the U.S. government confiscated its citizen’s gold, allowing them to retain only $100 worth of gold, in 1933. Once confiscation was completed, two years later, the U.S. government devalued the dollar against gold from $20.67 to $35.00. This represented a 41% devaluation. Since the devaluation of the dollar was not reflected in foreign exchange markets in 1935, gold continued to be sold at $20 an ounce in countries outside the U.S. while the U.S. was paying $35. Treasury holdings of gold in the U.S. tripled from 6,358 tonnes in 1930 to 8,998 tonnes in 1935 (after the Act), and then to 19,543 metric tonnes of fine gold by 1940. Can it happen again? It certainly can. The U.S. government is in a worse financial situation than it was then."