There is no one-size-fits-all answer to this question, as the appropriate allocation to gold will depend on your individual financial situation and investment goals. Some investors choose to allocate a small portion of their portfolio to gold as a hedge against market downturns, while others may have a higher allocation to gold based on their risk tolerance and investment horizon. It is generally recommended to diversify your portfolio across multiple asset classes and to consult with a financial advisor before making any investment decisions.