The world economy is facing uncertain times. Family offices and other large wealth managers are hoarding cash, while governments from China to Switzerland are buying up gold.

I’m not necessarily saying that a recession is imminent – nobody can predict the future. But if history is any indication, we’re now in the longest boom cycle in the past century.

Several types of assets should nonetheless perform well in a recession. Frontier market real estate, consumer-focused businesses in countries with strong demographic trends, and other uncorrelated investments are a focus here at InvestAsian.

Regardless, it’s also smart for you to hold some currencies in the bank, or maybe even a safe, during a recession. It lets you cheaply buy stocks, property, and other assets