Bond Markets

Any thoughts on the bond market and pro’s on keeping them in the portfolio?

My plan is to only have in bonds (and fairly short term at that) the money that plan to use in the next few years. Everything else will be vaulted precious metals and index funds (stocks). I think precious metals can serve the “stock diversifier” function that bonds normally serve in the traditional stock+bond portfolio, without being subject to decimation if the currency goes sour, and if nothing too bad happens, PMs should at least come close to holding their real purchasing power over decades, like they have for centuries.