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When you buy gold, you are betting on the value that someone will pay for it in the future.
I bonds have a maturity of 30 years, but you are not required to hold them until maturity. You must hold them for at least 12 months and if you sell them after twelve months but before five years you will forfeit the last three months of interest.
A stock market correction is a drop of 10% to 20% in a major market index such as the S&P 500. A serious market crash is a drop of 20% or more. A prolonged market crash is considered a bear market.
Rather than focus on outside forces that cannot be controlled, focus on what you can personally do to protect your money and gain more flexibility.
People who have the skills to manage their health generally have the skills to effectively manage their finances.
Rather than worry about the next market correction, focus on what you can control and manage your portfolio to meet your financial situation. Markets will rise and fall but your asset allocation should be based on your financial time horizon, your liquidity needs, the stability of your income and your tolerance for risk.