A Gold IRA will likely be used as an extended-term hedge
https://remingtoncomq215.rivetgarden.com/posts/noble-gold-investments-a-scientific-evaluation-of-its-position-in-portfolio-diversification-and-asset-backed-bodily-metals
A Gold IRA can also be used as a protracted-time period hedge, with physical gold saved by certified vault partners under custodian oversight.