It's not my interpretation. It's the definition used by everyone in finance and accounting. https://www.investopedia.com/terms/h/hard_asset.asp https://www.inv

It's not my interpretation. It's the definition used by everyone in finance and accounting. https://www.investopedia.com/terms/h/hard_asset.asp https://www.investopedia.com/terms/h/hard_asset.asp Intangible assets cannot be "hard". Also, gold is not just a shiny rock. It can be made into electronic components, food, art, jewelry, and a huge variety of industrially-useful alloys.