Portfolio strategies like Modern Portfolio Theory and others tend to assume that market returns follow a normal distribution.
Not really.
Certain securities have high kurtosis. That is where out-of-the-ordinary returns (larger or smaller) occur more frequently than the normal distribution predicts.
Of course, nobody who is stable and balanced puts 100% of their assets into something which has the possibility of extreme returns.
But risk 90 cents for the possibility of making 10 bucks? All day long.
That's why here I'll talk about investing in… silver.
Silver's Role in the Portfolio
Nobody actually "invests"