There are many more people today that don't trust the government and rightly so. If FDR tried gold confiscation today it would be a different story. The government is capable of anything but I do believe they understand that with the internet there is a lot more information available to the general public. It wouldn't end well.
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The government might not get away with it but the central banks would.
In fact, there is a good chance, other than the few tidbits individuals have, that most of the gold is hijacked already. The US gold supply hasnt been audited in over 60 years.
You are correct it would not end well. Just like 911. I think they would bring on an EMP if they thought it would give them the final solution to central power over the people. They have Faraday cages for whats important to them so their suffering would be minor.