### Gold
Pros:
- Stability: Historically, gold has been a stable store of value and is often seen as a hedge against inflation and economic uncertainty.
- Liquidity: Gold is widely recognized and easily traded globally.
- Diversification: It is a good diversifier in an investment portfolio, often moving inversely to the stock market.

Cons:
- Price Volatility: Gold prices can be volatile, influenced by geopolitical events, economic data, and central bank policies.
- No Yield: Gold does not generate income like stocks or bonds; its value comes from potential price appreciation.