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Would the US government really turn to a 1933-style gold confiscation again? I would argue that they wouldn’t, but that doesn’t mean the threat to your gold has diminished. Instead there will be a new scam.
Worry less about what state your country is in now; focus on where it will be in two years, in five years, in ten years.
You must consider a non-American credit/debit card—one that is not under the sway of the US government—irrespective of whether you’re American or not in order to diversify your political risk.
It smells like a wealth confiscation in Portugal is just around the corner.