I do not accept that Australian's with money deposited in the...

I do not accept that Australian's with money deposited in the banks are at risk of having their bank default on their deposits and that holding silver is a sensible alternative because of that.

The following comment from tonight's Yahoo Finance supports much of the tenor of my previous comments.

"Gold is poised for the worst run of monthly losses in almost 13 years as concern that Europe's fiscal crisis is escalating drove investors to seek the dollar as a haven over the precious metal."

Silver as a monitory metal similar to gold (or we hope so anyhow)is obviously in the same category.