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<p>[QUOTE=&quot;medoraman, post: 1221847, member: 26302&quot;]You are way ahead of the curve considering risk as only decline. Most financial people measure it as volatility. That is the definition of beta, and why I rail against it in my Finance classes I taught.</p><p><br /></p><p>Good thoughts Cloud, we always agree 99% really of course. I would simply disagree with looking at all assets in a protfolio in isolation. In certain circumstances bonds and stocks shoul move down, and PM move up, and vice versa. Having an asset class that moves in opposite directions than other asset classes in a portfolio reduces the risk overall of the portfolio, enabling higher inclusion of riskier assets. This is what I was talking about. I certainly do not like silver at todays price in isolation, but I still like some PM exposure, (either physical or stock, never puts and calls), in a portfolio to overall reduce risk.</p><p><br /></p><p>I am like you, and bought my silver when I thought it was riskless, (1990&#039;s at $4 or less). However, I am just saying at &#039;riskier&quot; price levels some PM exposure can still contribute positively to an overall portfolio.</p><p><br /></p><p>Chris</p><p><br /></p><p>P.S. As a bonus, if Susan starts collecting junk silver as part of a coin collection, then there is return there from the enjoyment that further reduces her &quot;risk&quot;. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /> Having fun is worth a lot to me![/QUOTE]</p><p><br /></p>

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