You will sleep better at night owning metals during this catastrophe as it plays out - I do, that's for sure. When I was playing gold and silver stocks up to about a year ago, I was not sleeping at night - too volatile and I could sense a general DOW crash, which would pull all metals stocks down, so I got out.
At one point I was 50 per cent of all my net worth in AUY Yamana (I got a bit carried away day-trading!), margined x 2 too!, around 15 or 16 dollars, just for a few days, and then I had my epihany and got out completely, and of course AUY collapsed to 4 or 5, and is rebounding to 6, but if I had stayed in, I woud have been wiped out, especially on margin.
Prior to this I was 100% in metals, silver gold in a 60/40% ratio. Ideally, long term, gold is the SAFEST way to go, but I always have a problem with patience, tho trying to change that.
I sold half to play the gold and silver miners, and now am fully 100% invested in silver 100oz bars, kept in a safe place on my property. The ratio of gold to silver is exceptionally high now, around 80 to 1, and I am going to switch between gold and silver as this volatile ratio swings up and down. I will do all this with physical, not digital trades. It has all worked well so far regarding the trading, but I am well underwater because of the silver collapse. However I am not margined, so can wait it out for silver to rebound to 20 and head north. I originally bought gold at 630, and silver at 13.30 - I am still buying silver at 10'ish, and I guess I am averaged in at maybe 14/15/16'ish, I don't know. At the moment I look at my stash and say to myself, the world financial system is collapsing in slow motion, be patient, because when gold goes to 1200 next April, silver will follow at 30, when gold hits 2500, silver will follow exponentially. I've also just bought a large chunk of gold at Gmoney to cover my daughter's future, by means of transferring out of a zombie pension fund I was in and going for a Gmoney SIPP.
1) Would you keep any in cash in any currency?
Not much, no. For me, a few thousand bux is all I keep in cash. My other half and I know the score, and know that a black swan at any time can change things v quickly indeed, and black swans can in Murphy's law fashion come along in pairs or triplets (see Taleb) - so you gotta be in it to win it. I expect to be protected with metals, but I also expect to become quite 'rich' in a detrioratingly awful world when the collapse occurs in earnest, my eventual aim being to sell most metals at the right time in exchange for a safe house in a safe place with resources, i.e a yacht too, for self sufficiency. So practically speaking I don't need cash - if I need cash QUICKLY I go to my local gold/coin/pawn shop guy and he gives me cash on the nose for a 100oz bar, no paperwork, no trail, if I can wait 2 weeks I put the bar on eBay and get an extra 300 bux. This is like averaging out! It is safer than a bank - who needs cash. And once gold/silver uptrend again, you are merely dipping into your savings! Remember, gold is MONEY!!! IT IS CASH!!!
2) What percentage physical gold would you buy?
100% silver at this high ratio. If silver hits 25 or 30 next spring and the ratio drops to 50 or less, swap for gold. Repeat back and forth, in physical only.
3) What percentage physical silver would you buy?
I am a gambler so silver holds by far the most potential upside. It will way outperform gold at current artificial prices. When silver spikes tho, it does tend to collapse v quickly, the trick is to swap into cash or gold at the right time. And for me I would only cash out to buy a house or farm. So depending on endgame circumstances I would go gold again.
4) What else would you buy to make sure you don't put all of your eggs in one basket? NS&I indexed linked certs?
No paper at all, we are in endgame collapse. Get out of the UKPound, it is going to collapse big time.
5) Given the rate of decline and we're at the 11th hour, over what time frame would you average in to be safe?
I would go all in immediately to be SAFE - if you wait, something may happen out of left field, and it may cost you more to get in. Silver at 10 is a total giveaway, I don't care if it drops to 5 again, because eventually it will be trading in the 100s of dollars. Also, hold physical ONLY - no paper gold at all.
I'm sure this is all too gung-ho for you Warpig, but I hope it gives you some ideas. Good luck whatever you do!