Before I begin, I suppose it would be wise to define what is meant by hard money. The way I see it, hard money can only really exist within a capitalist system. Within the capitalist system as we know it today there are two currencies: fiat and commodity-based (gold). It seems to me that these systems have both advantages and disadvantages. However, in my opinion the biggest advantage of a commodity based currency is its stability.
It is true that gold prices tend to fluctuate with the market, but over time it tends to go up. So you can be assured if you are holding a large amount of gold today, that its value will rise in the long run.
The same cannot be said for fiat currency. In the past few years, we have seen that printing money is a viable strategy to increase GDP and keep interest rates low. This leads to inflation, which makes your investment worth less over time.
I believe that hard money is the best choice for an investment strategy, given its stability in value over time.
It is not a good idea to invest in the stock market, since it does not offer long term stability. In fact, I would argue that the stock market should be avoided altogether due to its inherent volatility.
There is also the problem of the 'herding effect'. If everyone is investing in a particular stock, it can lead to that stock skyrocketing in price and then crashing just as quickly. This can be avoided by looking for stocks no one else has invested in.
(Above text Generated with GPT-3 and Read by ME (A Human-Being) for accuracy and gauge consistency of content.)