Breakdown as follows: Precious Metals 25% Bear Note 22% UK Long Dated Gilts 15% Uk Medium Dated Gilts 8% (purchased in the last 2 weeks) UK Short Dated Gilts 10% Cash 20% Points to note: Quantitative Easing has been introduced specifically to reduce Gilt yields (i.e. drive price up). BoE pension scheme sold all equity and property investments and is mainly invested in Gilts. Gold expected to reach a minimum of $2000 / oz - no timescale. No equitys held excect gold and silver miners. FTSE100 expected to bottom 2000 - 2500. Sterling could have bottomed. Please note the above is not investment advice but is a representation of my portfolio.