Explain why on the financial ladder a certain amount should be in $(1)$ cash, $(2)$ government bonds, $(3)$ stocks and $(4)$ real estate.

Option A

$(1)$ Gold for immediate use and operating expenses, $(2)$ Bonds can be converted to cash medium term but earn interest, $(3)$ stocks for long term appreciation, and $(4)$ futures and options as a long term inflation hedge,

Option B

$(1)$ Cash for immediate use and operating expenses, $(2)$ Bonds can be converted to cash medium term but earn interest, $(3)$ stocks for long term appreciation, and $(4)$ real estate as a long term inflation hedge,

Option C

$(1)$ Cash for immediate use and operating expenses, $(2)$ Stocks can be converted to cash medium term but earn interest, $(3)$ Bonds for long term appreciation, and $(4)$ real estate as a long term inflation hedge,

Option D

$(1)$ Bonds for immediate use and operating expenses, $(2)$ Real Estate can be converted to cash medium term but earn interest, $(3)$ gold for long term appreciation, and $(4)$ cash as a long term inflation hedge,