RE:Risk is now adding up" sitting on sideline might be more prudent."
You’re talkin' about cash under the mattress? My very first choice was between my capital located in cash or an investment vehicle. Twenty years ago, I began shorting the USD with purchases of gold because of the weakening of fiat currencies like USD due to expansion of global debt. Then I learned of miner’s leverage to spot and began investing/trading them.
Today I see no reason to change my allocation of capital as the months and years ahead will IMO prove disastrous for world trade and global economics. Remember we have only a very short experience with globalism and everything new has a considerable element of the unknown.