Windfall Profits?

Some investors are concerned that some sort of gold confiscation may occur such as it did in 1933.  

Confiscation is unlikely if a government implements a heavy duty windfall profit or excise tax when a currency reset of some kind occurs that results in a quantum price jump in precious metals, as discussed here. 

Any time huge profits are present, governments will want a piece of the action with increased taxes, royalties or increased ownership of mines. 

This may include windfall taxes on gold/silver and stock profits as well.

"A windfall tax is a surtax imposed by governments on businesses or economic sectors that have benefited from economic expansion. The purpose is to redistribute excess profits in one area for the greater social good; however, this can be a contentious ideal."

This has happened before with oil as explained here.

There are few ways to avoid this issue. A 50% or 90% windfall tax obviously wipes out a lot of the hard work and expense in developing that portfolio.

"At least up until this point your purchasing power would have been protected and you would have had the chance to swap bullion for some other worthwhile asset such as land, property or stocks which likely would have devalued against gold as well, prior to the implementation of any windfall tax."

As the writer suggests, it would be wise to sell most holdings before such a tax event occurs and invest the principal and profits in areas that have recognized value and demand at that time or severely deflated assets with growth potential. 

Typically, there would be a lead time before any such law is enacted.