Gold
This is Kiyosaki’s simplest recommendation. For centuries, gold has been the go-to safe haven asset.
It can’t be printed out of thin air like fiat money, and its value is largely unaffected by economic events around the world.
Investors often rush toward gold in times of crisis, so it makes sense to get ahead of the pack.
The most direct way to invest in gold is to own bullion. But that can be difficult and expensive. An easier method is to invest in large gold mining companies.
If gold prices go up, these miners will earn higher revenue and profits, which tend to translate into higher share prices.
For instance, companies like Barrick Gold, Newmont, and Freeport-McMoRan typically do well during tough times for other sectors.
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Learn MoreSilver
It's also no surprise that Kiyosaki likes silver. Just like gold, silver can be a store of value and a hedge against rising rates and inflation.
The grey metal may not seem exciting, but it can be a highly effective holding during times of uncertainty. Over the past two years, the price of silver has increased slightly.
As you’d expect, rising silver prices benefit silver miners.
Some of the easiest ways to play silver is through big miners like Wheaton Precious Metals, Pan American Silver, and Coeur Mining.
That said, silver is also widely used as an industrial metal. So a downturn in global economic activity could negatively impact silver prices.
Bitcoin
Once considered a niche asset, Bitcoin has now entered the mainstream. But it has lost plenty of its allure, having fallen a whopping 53% in 2022.
Contrarian investors might want to take a closer look, though.
You can purchase bitcoin directly. But if you don’t like that kind of volatility, you can also invest in companies that have tied themselves to the crypto market.
In October, for example, PayPal launched a service in the U.S. that allows users to buy, sell, and hold cryptocurrencies. It introduced a similar product for the U.K. in late August.
And then there’s MicroStrategy, the largest corporate holder of bitcoin. As of June 28, the enterprise software technologist holds 129,699 bitcoins acquired for roughly $4 billion.
Because of MicroStrategy’s huge bitcoin stake, some investors have used it as a proxy for investing in the cryptocurrency. In the past, rallies (declines) in bitcoin have usually led to similar gains (losses) in MicroStrategy’s share price.
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