A hard asset is a tangible asset; something that can be seen and touched. A hard asset has historically been the most common type of long-term asset, such as production equipment, buildings, and vehicles. Hard assets also include financial assets, such as cash and marketable securities. Their costs are all aggregated into an organization’s balance sheet.
Hard assets can be more narrowly defined as tangible assets that have intrinsic value, such as commodities, land, and commercial real estate.