>Storing your money in a bank in a western democracy has centuries of history with extremely rare losses. While I agree with your overall point, I think you're

>Storing your money in a bank in a western democracy has centuries of history with extremely rare losses. While I agree with your overall point, I think you're glossing over the historical instabilities in the banking system. Bank runs, failures, and physical robberies were pretty common until comparatively recently (in the US, at least - the 19th century was chock full of them).