Gold has the volatility of the stock market, with lower returns than bonds: https://www.portfoliovisualizer.com/backtest-asset-class-allocation?s=y&mode=1&timeP

Gold has the volatility of the stock market, with lower returns than bonds: https://www.portfoliovisualizer.com/backtest-asset-class-allocation?s=y&mode=1&timePeriod=4&startYear=1972&firstMonth=1&endYear=2020&lastMonth=12&calendarAligned=true&initialAmount=10000&annualOperation=0&annualAdjustment=0&inflationAdjusted=true&annualPercentage=0.0&frequency=4&rebalanceType=1&absoluteDeviation=5.0&relativeDeviation=25.0&asset1=Gold&allocation1_1=100&asset2=TotalStockMarket&allocation2_2=100&asset3=TotalBond&allocation3_3=100 https://www.portfoliovisualizer.com/backtest-asset-class-all...