{"id":167240,"date":"2025-06-10T10:39:42","date_gmt":"2025-06-10T10:39:42","guid":{"rendered":"https:\/\/adamfayed.com\/?p=167240"},"modified":"2025-07-04T07:50:18","modified_gmt":"2025-07-04T07:50:18","slug":"what-is-real-asset-investing","status":"publish","type":"post","link":"https:\/\/adamfayed.com\/it\/investment-options\/what-is-real-asset-investing\/","title":{"rendered":"What is Real Asset Investing?"},"content":{"rendered":"<p>Real asset investing refers to the <a href=\"https:\/\/adamfayed.com\/it\/financial-planning\/basic-financial-terms-banking-personal-finance-investing-taxes\/\">allocation of capital<\/a> into tangible, physical assets with intrinsic value.<\/p>\n\n\n\n<p>These assets derive their worth from their substance and utility rather than from contractual claims or market perception.<\/p>\n\n\n\n<p>Se state cercando di investire come espatriati o individui con un alto patrimonio netto, che \u00e8 ci\u00f2 in cui sono specializzato, potete inviarmi un'e-mail (hello@adamfayed.com) o un messaggio WhatsApp (+44-7393-450-837).<\/p>\n\n\n\n<p>Questo include se siete alla ricerca di un portafoglio per espatri gratuiti <a class=\"wpil_keyword_link\" href=\"https:\/\/adamfayed.com\/it\/category\/review-articles\/\" title=\"recensione\" data-wpil-keyword-link=\"linked\" data-wpil-monitor-id=\"2164\">recensione<\/a> per ottimizzare i vostri investimenti e individuare le prospettive di crescita.<\/p>\n\n\n\n<p>Alcuni fatti potrebbero cambiare rispetto al momento in cui si scrive. Nulla di ci\u00f2 che \u00e8 scritto qui \u00e8 una consulenza finanziaria, legale, fiscale o di qualsiasi tipo o una sollecitazione a investire. Non si tratta nemmeno di una raccomandazione di prodotti o servizi.<\/p>\n\n\n\n<p>A differenza di <a href=\"https:\/\/adamfayed.com\/it\/investment-options\/\">financial instruments<\/a> such as equities, bonds, or derivatives based on future cash flows or creditworthiness, real assets exist independently of the financial system and offer direct exposure to economic fundamentals.<\/p>\n\n\n\n<p>This article discusses the key features of real assets, benefits, and risks to help you determine whether they are a fit for your investment portfolio.<\/p>\n\n\n\n<img decoding=\"async\" src=\"https:\/\/adamfayed.com\/wp-content\/uploads\/2025\/03\/CTA_5_final_-512x288.jpg\" usemap=\"#image-map\" alt=\"Discover How We Can Address Your Financial Pain Points\">\n\n<map name=\"image-map\">\n    <area href=\"https:\/\/adamfayed.com\/subscribe\/\" target=\"_blank\" alt=\"Subscribe Free\" title=\"Abbonati gratuitamente\" coords=\"72,217,198,252\" shape=\"rect\">\n    <area href=\"https:\/\/adamfayed.com\/contact\/\" target=\"_blank\" alt=\"Discover Now\" title=\"Scopri ora\" coords=\"303,217,429,252\" shape=\"rect\">\n<\/map>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>What are real assets?<\/strong><\/h2>\n\n\n\n<p><a href=\"https:\/\/www.morganstanley.com\/articles\/real-assets-investing-guide-opportunities\" target=\"_blank\" rel=\"noopener\">Real assets<\/a>, or physical and tangible assets with intrinsic value, include a broad range of sectors, most notably real estate, infrastructure, commodities, and natural resources. <\/p>\n\n\n\n<p>For high-net-worth individuals (HNWIs) and expats seeking diversification beyond traditional securities, real assets present an opportunity to hedge against inflation, generate stable cash flow, and preserve wealth across jurisdictions.<\/p>\n\n\n\n<p>Real assets provide a degree of insulation from systemic financial risks like currency volatility, inflationary pressures, and global uncertainty.<\/p>\n\n\n\n<p>They are especially relevant for investors with longer time horizons, estate planning considerations, or a need for cross-border wealth protection.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Types of Real Assets<\/h3>\n\n\n\n<h4 class=\"wp-block-heading\">Immobili<\/h4>\n\n\n\n<p><a href=\"https:\/\/adamfayed.com\/it\/investment-options\/real-estate\/\">Immobili<\/a> remains the most accessible and widely understood form of real asset investing. It encompasses:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Residential properties (single-family homes, condominiums, multifamily units),<\/li>\n\n\n\n<li>Commercial assets (office buildings, retail centers, industrial spaces), and<\/li>\n\n\n\n<li>Special-use real estate (hotels, senior housing, student accommodation).<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<p>Key advantages include recurring rental income, capital appreciation potential, and the use of leverage to enhance returns.<\/p>\n\n\n\n<p>For expats, owning property in jurisdictions with favorable tax treatment or permanent residency incentives can serve dual purposes: investment and immigration strategy.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Infrastructure<\/h4>\n\n\n\n<p>Infrastructure investments include long-life physical systems such as:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Toll roads, bridges, and railways,<\/li>\n\n\n\n<li>Utilities (water, power, gas transmission),<\/li>\n\n\n\n<li>Renewable energy assets (solar farms, wind parks), and<\/li>\n\n\n\n<li>Digital infrastructure (data centers, cell towers).<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<p>These assets typically operate under regulated frameworks or long-term concessions, offering predictable, inflation-linked cash flows. They are often accessed through private equity funds or listed infrastructure trusts.<\/p>\n\n\n\n<p>For HNWIs, infrastructure provides long-duration, income-generating exposure with relatively low correlation to equity markets.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Materie prime<\/h4>\n\n\n\n<p><a href=\"https:\/\/adamfayed.com\/it\/investment-options\/commodities\/\">Materie prime<\/a> are raw materials or primary agricultural products that can be bought, sold, or traded, including:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Energy: Crude oil, natural gas;<\/li>\n\n\n\n<li>Metals: Gold, silver, copper;<\/li>\n\n\n\n<li>Agriculture: Soybeans, corn, coffee.<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<p>Exposure can be physical (e.g., holding gold bullion), synthetic (via futures contracts), or indirect (via commodity-linked ETFs or producer equities).<\/p>\n\n\n\n<p>Commodities serve as an inflation hedge and a geopolitical risk buffer, though they come with high volatility and little or no yield.<\/p>\n\n\n\n<p>Physical storage, custody, and transport considerations may also affect expatriate investors depending on jurisdictional regulations.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Natural Resources<\/h4>\n\n\n\n<p>Natural resources include productive land and extractive rights such as:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Timberland: Generates income through sustainable harvesting cycles and may qualify for favorable tax treatment in some countries.<\/li>\n\n\n\n<li>Farmland: Offers yield from leasing or direct cultivation, with global demand for food and arable land acting as growth drivers.<\/li>\n\n\n\n<li>Water rights: In specific jurisdictions, investors can acquire rights to access, store, or distribute water, which is an increasingly scarce asset.<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<p>For HNWIs seeking exposure to environmental sustainability, these assets align with impact investing strategies and long-term capital preservation goals.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Other Physical Assets<\/h4>\n\n\n\n<p>These include tangible <a href=\"https:\/\/adamfayed.com\/it\/financial-planning\/alternative-investments-pt-1\/\">alternative investments<\/a> such as:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Art and collectibles,<\/li>\n\n\n\n<li>Rare wines or vintage vehicles,<\/li>\n\n\n\n<li>Precious stones or jewelry.<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<p>Though less conventional, such assets are often used for wealth preservation and generational transfer.<\/p>\n\n\n\n<p>However, they lack liquidity and transparent pricing and are best considered supplementary to core real asset exposure.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Characteristics of Real Assets<\/h3>\n\n\n\n<h4 class=\"wp-block-heading\">Tangible value<\/h4>\n\n\n\n<p>Real assets are physical objects with inherent usefulness: land can be cultivated, buildings can be leased, infrastructure can be used to generate tolls or deliver utilities. <\/p>\n\n\n\n<p>Their value is rooted in scarcity, functionality, or productive capacity rather than contractual obligations.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Protezione dall'inflazione<\/h4>\n\n\n\n<p>Many real assets have a direct or indirect link to inflation. Rental income, tolls, and utility tariffs often adjust with inflation indices.<\/p>\n\n\n\n<p>Commodities like gold or oil tend to rise in price during inflationary periods. For investors exposed to weakening currencies or rising living costs, real assets help preserve purchasing power.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Income generation<\/h4>\n\n\n\n<p>Unlike speculative assets, many real assets <a href=\"https:\/\/adamfayed.com\/it\/investment-options\/investing-for-income\/\">produce cash flows<\/a>. Real estate yields rent. Infrastructure yields fees or tariffs.<\/p>\n\n\n\n<p>Farmland produces crops that can be sold. This income is typically stable, long-term, and in some cases contractually guaranteed, offering an alternative to dividends or bond interest.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Valuation and pricing opacity<\/h4>\n\n\n\n<p>Unlike public stocks or bonds, many real assets do not have readily observable prices.<\/p>\n\n\n\n<p>Appraisals, discounted cash flow models, or specialist assessments are often required. This can lead to discrepancies in reported value, especially during market disruptions or in emerging jurisdictions.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Jurisdictional and regulatory exposure<\/h4>\n\n\n\n<p>The legal framework governing real assets varies widely by country. Foreign ownership restrictions, tax treatment, repatriation rules, and land use laws can affect both risk and return.<\/p>\n\n\n\n<p>For expats, understanding local regulatory environments is essential before committing capital.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Potential for leverage<\/h4>\n\n\n\n<p>Real assets are often used as collateral, making them attractive for leveraged investment strategies.<\/p>\n\n\n\n<p>Property can be mortgaged. Infrastructure can be financed through project debt. While leverage can enhance returns, it also amplifies downside risk and increases exposure to interest rate changes.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Susceptibility to physical degradation<\/h4>\n\n\n\n<p>As tangible entities, real assets are exposed to wear, decay, and external shocks. Natural disasters, climate change, and inadequate maintenance can erode value.<\/p>\n\n\n\n<p>Insurance and resilience planning are therefore important parts of real asset management.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Benefits of Investing in Real Assets<\/strong><\/h2>\n\n\n\n<div class=\"wp-block-group is-layout-constrained wp-block-group-is-layout-constrained\">\n<figure class=\"wp-block-image alignright size-medium\"><img fetchpriority=\"high\" decoding=\"async\" width=\"300\" height=\"169\" src=\"https:\/\/adamfayed.com\/wp-content\/uploads\/2025\/06\/pexels-vividcafe-681368-300x169.jpg\" alt=\"Real estate remains the most accessible and widely understood form of real asset investing. \" class=\"wp-image-167249\" srcset=\"https:\/\/adamfayed.com\/wp-content\/uploads\/2025\/06\/pexels-vividcafe-681368-300x169.jpg 300w, https:\/\/adamfayed.com\/wp-content\/uploads\/2025\/06\/pexels-vividcafe-681368-512x288.jpg 512w, https:\/\/adamfayed.com\/wp-content\/uploads\/2025\/06\/pexels-vividcafe-681368.jpg 640w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/figure>\n<\/div>\n\n\n\n<h3 class=\"wp-block-heading\">Diversificazione<\/h3>\n\n\n\n<p>Real assets typically move independently of traditional asset classes such as stocks and bonds.<\/p>\n\n\n\n<p>Their value drivers like physical supply and demand, land scarcity, and regulatory frameworks are structurally different.<\/p>\n\n\n\n<p>Allocating to real assets can help reduce overall portfolio volatility, especially during periods of market dislocation or monetary tightening.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Inflation hedge<\/h3>\n\n\n\n<p>Many real assets have cash flows linked to inflation through contractual adjustments, market pricing, or regulatory pass-through mechanisms.<\/p>\n\n\n\n<p>For example, real estate leases often include inflation escalators, and infrastructure projects may receive inflation-indexed payments. Hard commodities like gold have historically maintained purchasing power during inflationary shocks.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Stable income<\/h3>\n\n\n\n<p>Core real assets like commercial property or utility infrastructure generate recurring income streams, often from long-term contracts or leases with high credit quality counterparties.<\/p>\n\n\n\n<p>This reliability appeals to investors seeking consistent yield in low interest rate environments or those looking to replace fixed income exposure.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Capital preservation<\/h3>\n\n\n\n<p>Physical assets retain intrinsic value even during financial market turmoil. Land does not vanish.<\/p>\n\n\n\n<p>A functioning toll road or pipeline remains economically useful. This makes real assets effective for preserving wealth, particularly in jurisdictions with unstable currencies or capital markets.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Capital appreciation<\/h3>\n\n\n\n<p>In addition to income, real assets may increase in market value due to land scarcity, infrastructure bottlenecks, urban development, or rising global demand for food, energy, or materials.<\/p>\n\n\n\n<p>For long-term investors, this can provide substantial compounded gains, especially when acquired in growth regions or during undervaluation cycles.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Access to thematic exposure<\/h3>\n\n\n\n<p>Real assets align naturally with several structural investment themes:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Urbanization (e.g., housing, transport)<\/li>\n\n\n\n<li>Energy transition (e.g., renewables, grid infrastructure)<\/li>\n\n\n\n<li>Food security (e.g., farmland)<\/li>\n\n\n\n<li>Water stress and resource scarcity<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<p>Investors can tailor their exposure to macro trends that are less accessible via public markets.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Estate and intergenerational planning<\/h3>\n\n\n\n<p>Real assets, especially property and land, are commonly used in estate planning for wealth transfer.<\/p>\n\n\n\n<p>They can serve as durable legacy holdings, and in some jurisdictions, may benefit from favorable inheritance or capital gains tax treatment.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Risks of Real Asset Investing<\/strong><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">Illiquidity<\/h3>\n\n\n\n<p>Real assets are not easily traded. Large properties, infrastructure projects, or farmland can take months or years to sell, particularly in emerging markets or during downturns.<\/p>\n\n\n\n<p>For investors needing flexibility or fast exit options, this is a critical limitation.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">High capital requirements<\/h3>\n\n\n\n<p>Direct investment in real assets often involves substantial minimum capital outlay.<\/p>\n\n\n\n<p>Access to institutional-grade infrastructure or timberland may require seven-figure commitments or participation via private funds with strict eligibility criteria.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Operational complexity<\/h3>\n\n\n\n<p>Real assets require ongoing management. Properties must be maintained, tenants vetted, repairs scheduled, and regulatory compliance ensured.<\/p>\n\n\n\n<p>Infrastructure investments may involve engineering oversight, political risk mitigation, and legal expertise.<\/p>\n\n\n\n<p>For absentee or expat investors, outsourcing this responsibility adds cost and requires trustworthy intermediaries.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Valuation uncertainty<\/h3>\n\n\n\n<p>Unlike liquid financial markets, many real assets are valued via appraisals or private negotiations. This introduces subjectivity, lagging price signals, and potential overvaluation.<\/p>\n\n\n\n<p>In fast-moving or distressed markets, stated valuations may not reflect true market-clearing prices.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Jurisdictional risk<\/h3>\n\n\n\n<p>Real assets are embedded in local legal systems. Foreign investors may face restrictions on land ownership, repatriation of income, or exposure to expropriation.<\/p>\n\n\n\n<p>Tax regimes, zoning laws, and environmental regulations vary widely and may change unexpectedly. This is particularly relevant for expatriates investing in unfamiliar jurisdictions.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Environmental and climate exposure<\/h3>\n\n\n\n<p>As mentioned before, natural disasters, flooding, wildfires, and long-term climate shifts can directly damage real assets or erode their economic utility.<\/p>\n\n\n\n<p>Insurance can mitigate some risks, but exposure to irreversible environmental changes remains a growing concern.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Financing and interest rate sensitivity<\/h3>\n\n\n\n<p>Many real assets are acquired or operated with leverage. Rising interest rates increase debt servicing costs and reduce asset valuations.<\/p>\n\n\n\n<p>Projects with long payback periods or fixed-income-like structures (e.g., utilities) are especially vulnerable to interest rate cycles.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Liquidity premium not guaranteed<\/h3>\n\n\n\n<p>While illiquid assets are theoretically compensated with higher returns, this is not always realized.<\/p>\n\n\n\n<p>Poorly timed purchases, mismanaged assets, or external shocks can result in underperformance relative to more flexible investment options.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Concentration risk<\/h3>\n\n\n\n<p>Single-asset exposure such as a property in one city or a commodity-dependent farmland plot creates high exposure to local economic conditions, tenant behavior, or supply shocks. Diversification within the real asset class is essential to mitigate this.<\/p>\n\n\n\n<p>For more personalized guidance, it is highly recommended to consult a <a href=\"https:\/\/adamfayed.com\/it\/expat-financial-advisor\/personal-financial-advisor\/\">trusted financial advisor<\/a>.<\/p>\n\n\n\n<p><strong>Siete afflitti dall'indecisione finanziaria? <\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><img decoding=\"async\" width=\"512\" height=\"288\" src=\"https:\/\/adamfayed.com\/wp-content\/uploads\/2025\/03\/Adam-Fayed-Contact_CTA3-512x288.jpg\" alt=\"\" class=\"wp-image-117505\" style=\"width:683px;height:auto\" srcset=\"https:\/\/adamfayed.com\/wp-content\/uploads\/2025\/03\/Adam-Fayed-Contact_CTA3-512x288.jpg 512w, https:\/\/adamfayed.com\/wp-content\/uploads\/2025\/03\/Adam-Fayed-Contact_CTA3-300x169.jpg 300w, https:\/\/adamfayed.com\/wp-content\/uploads\/2025\/03\/Adam-Fayed-Contact_CTA3-768x432.jpg 768w, https:\/\/adamfayed.com\/wp-content\/uploads\/2025\/03\/Adam-Fayed-Contact_CTA3-scaled.jpg 825w\" sizes=\"(max-width: 512px) 100vw, 512px\" \/><\/figure>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/adamfayed.com\/it\/become-adams-client\/\">Diventa mio cliente<\/a><\/div>\n\n\n\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/adamfayed.com\/it\/good-match-quiz\/\" target=\"_blank\" rel=\"noreferrer noopener\">Fare il quiz sull'idoneit\u00e0 del cliente<\/a><\/div>\n\n\n\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/adamfayed.com\/it\/contact\/\" target=\"_blank\" rel=\"noreferrer noopener\">Contatto<\/a><\/div>\n<\/div>\n\n\n\n<p><strong>Adam \u00e8 un autore riconosciuto a livello internazionale in materia finanziaria con oltre 830 milioni di visualizzazioni di risposte su Quora, un libro molto venduto su Amazon e un contributo su Forbes.<\/strong><\/p>","protected":false},"excerpt":{"rendered":"<p>Real asset investing refers to the allocation of capital into tangible, physical assets with intrinsic value. These assets derive their worth from their substance and utility rather than from contractual claims or market perception. If you are looking to invest as an expat or high-net-worth individual, which is what I specialize in, you can email [&hellip;]<\/p>","protected":false},"author":16,"featured_media":167245,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_10166176115445471_100883565069113":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[11798],"tags":[],"class_list":["post-167240","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-options"],"_links":{"self":[{"href":"https:\/\/adamfayed.com\/it\/wp-json\/wp\/v2\/posts\/167240","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/adamfayed.com\/it\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/adamfayed.com\/it\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/adamfayed.com\/it\/wp-json\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/adamfayed.com\/it\/wp-json\/wp\/v2\/comments?post=167240"}],"version-history":[{"count":2,"href":"https:\/\/adamfayed.com\/it\/wp-json\/wp\/v2\/posts\/167240\/revisions"}],"predecessor-version":[{"id":185537,"href":"https:\/\/adamfayed.com\/it\/wp-json\/wp\/v2\/posts\/167240\/revisions\/185537"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/adamfayed.com\/it\/wp-json\/wp\/v2\/media\/167245"}],"wp:attachment":[{"href":"https:\/\/adamfayed.com\/it\/wp-json\/wp\/v2\/media?parent=167240"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/adamfayed.com\/it\/wp-json\/wp\/v2\/categories?post=167240"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/adamfayed.com\/it\/wp-json\/wp\/v2\/tags?post=167240"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}