If you are going to stick with equities--and not TLT or GLD say---stocks within the staples sector have done okay and seem to do so historically"
And this idea may not be too risky with the potential for some gain:
Gold tends to perform surprisingly well during recessions—often serving as both an inflation hedge and a flight-to-safety asset. Gold miners, while more volatile, can potentially amplify that effect.
My understanding is that gold miners effectively act as leveraged plays on GLD, mainly due to their operational gearing and debt structures. So for those seeking equity-based exposure with both inflation and recession hedging potential, they might be worth a closer look.