I would say, make it more micro. If you are uncertain about the businesses you already own, yes, move money into assets you consider are fairly safe. I consider government bonds to at least keep my capital, if not appreciate it. I have very little idea about gold.
We are currently in the midst of a crisis and I have 70% in liquid funds - I might as well sell the rest of my portfolio right? But the companies I am still invested in, I believe, are fairly guarded from any impact from COVID19. In case they are not, I don’t think that will damage the B/S by much (I don’t mind 1-2 years of bad results).
I sold Cera recently and IndusInd before that because I am very sure they will be heavily hit by this pandemic. Same goes for companies in my watchlist - some of them I’m sure the impact will be limited and others, I am not so sure. Of course, price is the common question for all of them.
So again, I would suggest a micro approach.