Stocks and gold are both significant investments, but they behave differently since equities have a track record of outperforming inflation over the long run while gold works as a buffer against uncertainty and improve portfolio diversity. Gold has sentimental value to it but in times of uncertainty converting it into a liquid asset is a challenge while in equity option we can easily diversify our investment as per our needs. Both Gold and Equity have their own role to play in portfolio Diversification. One must decide the allocation as per their needs, goal tenure and risk-taking capacity.