If I want to protect my money from inflation, then gold will be my best option. But gold only protect my money from inflation and their ROI for some years is low for me, so I choose some alternative that's buy a real estate and try to rent it so I can get passive income along with the increase property price and my second alternative is get a lot of stocks or crypto which give you dividend/having staking option (for crypto) and then wait for 5 years I will get massive ROI.
Yes, gold's profitability is low because it can be compared to bitcoin's profitability. But for some conservative investors, they'll gold over bitcoin because it's tested by time and very common as a traditional asset that will surely be chosen by everybody.
As long as you do your thing of protecting your money from the inflation then that strategy fits your investing technique and tolerance towards risk that it has.