I have been pushing health care stocks as a safety area so let's look at a fund specialising there versus the gold price >
Fidelity MSCI Health Care ETFFHLC
Since its inception on October 21, 2013, the Fidelity MSCI Health Care ETF (FHLC) has delivered a total return of approximately
205.33%, translating to an annualized return of about
10.76% .
markets.*.com
In comparison, gold has appreciated from around
$1,200 per ounce in late 2013 to approximately
$3,349 per ounce as of April 24, 2025, marking a gain of about
179% over the same period .
Macrotrends
Therefore, FHLC has slightly outperformed gold in terms of total return since its inception.
So ChatGPT puts the verdict in health care for the time being