• Gold Money
    05/26/2016 - 14:27
    Here’s a question that might have you pondering: Is gold a commodity? More importantly, are we doing a disservice to the gold industry by calling gold a commodity? These may sound like silly...

Kyodo Reports Cooling System At Third Nuclear Power Plant Fails

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Sun, 03/13/2011 - 12:51 | 1046629 snowball777
snowball777's picture

Stupid is as stupid links.

Sun, 03/13/2011 - 14:23 | 1046857 MsCreant
MsCreant's picture

I thought you were being mean, but that site is a FAIL.

Sun, 03/13/2011 - 12:31 | 1046569 etrader
etrader's picture

Its only 75miles or so North of Tokyo.

No wonder the French ( with their leading Nuke Tech) put out a note for its citizens not to travel to Japan & its citizens leave the Tokyo region on Sunday.


Sun, 03/13/2011 - 12:30 | 1046575 THE DORK OF CORK
THE DORK OF CORK's picture

This is a terrible movie - completly implausible script

Change the fucking channel.

Sun, 03/13/2011 - 12:34 | 1046587 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

I wish this were a movie, because after, I would leave the theatre and go home.

Sun, 03/13/2011 - 12:53 | 1046631 Quinvarius
Quinvarius's picture

Worse than Iron Eagles II?

Sun, 03/13/2011 - 14:16 | 1046840 malikai
malikai's picture

Its hard to be worse than Iron Eagle II. Perhaps a thousand chernobyls in my backyard would be worse, but only just.

Sun, 03/13/2011 - 15:45 | 1046998 citta vritti
citta vritti's picture

plus the price of popcorn and chocolates keeps rising

Sun, 03/13/2011 - 16:06 | 1047042 HK
HK's picture

Just planted some popcorn this morning, interplant with rows of mung, soy and pinto beans on the side of each row of corn.  Got to try and keep ahead of the game.

Sun, 03/13/2011 - 12:33 | 1046584 ivars
ivars's picture

I did some silver pattern comparison with its own timing as basis, since every commodity etc has difference reaction times after crisis from cooperation to decooperation. This graph for prices 2011-2013 is what I came up with, it seems to be peaking at 45 USD at April 1st and sudden drop to 25 USD when I expect oil will suck money out of silver and possibly gold. Oil is useful commodity, once it becomes scarce ( no fly zone over Libya=war in Libya=war in Arab worlds= was in oil producing region), people will try to secure it, not silver.

After that, quite reasonable prices between 25-32 in 2011-April 2012. After that, silver starts to go up. Either supply problem, or Obamas USD devaluation plan in action ( or threat of devaluation plan), or both supply and USD devaluation threat. Looking at stock market prediction I do not think devaluation will be real, but attempts to devaluate the USD to do something as second recession will hit in Q1 2012 may lead to silver price spike .

Or, rumours the FED is going to be totally changed/liquidated or attmpted to liquidate under the government which will win 2012 elections.Not Obama or regular GOP. That would lead to scooping of silver and gold.

That explains a spike during election time. And afterwards high level as e.g. gold standard is reintroduced at different higher level .



Sun, 03/13/2011 - 12:38 | 1046591 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

If all that happens they will be trading oil for silver by proxy of a paper contract or flat out per.  Silver and oil have tracked each other for one hundred years plus for a reason.

Sun, 03/13/2011 - 13:29 | 1046735 ivars
ivars's picture

If I very approximately apply the same thinking to gold, it will peak at the same time, April 2011, at around 1600-1700 USD, and , if there is a talk about gold standard in 2013, the level to set it will be around 3000 USD/ounce. But most likely that is not going to work, as there will be substantive resistance no only from USA and Europe bankers, but all holders of USD and treasuries.

Sun, 03/13/2011 - 13:45 | 1046767 traderjoe
traderjoe's picture

Yes, oil is a useful commodity. But, it is not money. It cannot be stored by the average person in physical form. There are no oil coins...

Sun, 03/13/2011 - 14:18 | 1046846 malikai
malikai's picture

There are no oil coins.

That's a brilliant idea. I'm going to try to invent oil bullion. I'll update you in a week as to my progress.

Sun, 03/13/2011 - 12:40 | 1046600 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Question for everyone smarter than me:  Do precious metals absorbe radioactivity? 

Sun, 03/13/2011 - 12:43 | 1046609 Misean
Misean's picture

I believe gold will work in lieu of lead, should lead be in short supply. However, should you have sufficient gold to make a gold radiation shield, and you are considering doing so, due to an insufficient lead supply, you haven't been planning your gold stockpile properly.

Sun, 03/13/2011 - 14:47 | 1046897 MrSteve
MrSteve's picture

 Boron is most efficient as a neutron absorber, with carbon less so. That's why they are pumping boric acid into the reactor vessel. While metals may be contaminated with radiation, they could be decontaminated and the existing bullion bars or coins would then be clean.

This is different than the radioactive steel that was found in the past, where uranium wastes had been melted into steel as reprocessed or recycled metals. Note that US tank killing sabot shells made with reprocessed uranium, because they are heavier than lead, led to radioactive poisoning of US troops who explored the shot-up tanks and didn't know the shells that vaporized inside the tanks were hot stuff.

The correct protection for radiation poisoning is to take iodine so your thyroid gland is completely sated for its thirst for iodine, avoiding uptake of radiocactive byproducts (thorium)  which biologically mimic iodine. Iodized salt prevents goiter, an iodine deficiency.  Iodized salt isn't intense enough, so iodine pills are precribed.

I'm sure Uncle Sam has a goodcache of iodine pills we will share with Japan, as if they didn't  have a large stockpile of their own. A sure sign of panic is jerks selling dosimeters and Geiger counters.

Prior to the nuclear test ban treaty, Nevada and the USSR were scenes of nuke testing which released strontium 90 into the biosphere. The strontium biologically acted like calcium so folks forsake giving their kids fresh cows' milk which contained the calcium work-alike but was radioactive. We ate ice cream instead, and so were saved by the freezer. The half-life  of strontium 90 is short, so we were back to drinking milk shortly. Rain washed it from the atmosphere, which a low-level event like a reactor leak is. Atomic weapon blasts shot crap high into the atmosphere and leave a wide footprint. We did see a wide fotprint from Chernobyl because it went on for so long and the wind patterns were not favorable.

Pray for peace, safety and health for our friends in Japan.


Sun, 03/13/2011 - 12:43 | 1046612 Hulk
Hulk's picture

Sure! But lead is a much cheaper, more effective shield! Water too...

Sun, 03/13/2011 - 12:48 | 1046622 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Obviously my rhetoric is flying way under your radars.  Thanks to you both.  I meant, should I be worried about silver/gold/platinum absorbing radioactivity, but by your answers, I assume, that is a confounded rumor.

Sun, 03/13/2011 - 12:59 | 1046646 Hulk
Hulk's picture

DOH! Here is my geiger counter. Neutronics CD V-700. Can still be bought brand new, in the box. Bought mine in case a nuc makes it to one of our ports. To bug out or not to bug out, that is the question that can be answered! (comes complete with a radioactive calibration source)


Sun, 03/13/2011 - 14:00 | 1046799 Cistercian
Cistercian's picture

 I have one built by victoreen, the solid state model.I have had it for years.Time to fire it up to check the background for a few days....

Sun, 03/13/2011 - 16:12 | 1047054 Hulk
Hulk's picture

My needle has been pegged all day, meter must have broke...

Sun, 03/13/2011 - 13:06 | 1046665 nonclaim
nonclaim's picture

Yes they can become very, very dangerous. Gold specially. As a fellow ZHer I can offer to dispose of this very toxic asset at no cost to you if you give the coordinates of this radioactive pile. Discretion and satisfaction guaranteed.

Sun, 03/13/2011 - 13:09 | 1046673 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Haha!  Alright, you will be the first after my Geiger reads off the scale.

Sun, 03/13/2011 - 13:09 | 1046679 oddjob
oddjob's picture

operation Grandslam?

Sun, 03/13/2011 - 13:16 | 1046694 Misean
Misean's picture

My thoughts exactly, Oddjob.

Sun, 03/13/2011 - 13:57 | 1046790 AmCockerSpaniel
AmCockerSpaniel's picture

If you are thinking of radioactive gold. The answer is no. Can the gold atom be changed into some other element? The answer is yes (but not very easily or quick to do). So if it's pure gold not to worry. Infact it's a good shield like lead, but lead cost less.

Sun, 03/13/2011 - 13:05 | 1046661 aint no fortuna...
aint no fortunate son's picture

how about tungsten? the bernank is curious...

Sun, 03/13/2011 - 13:20 | 1046715 davepowers
davepowers's picture


Sun, 03/13/2011 - 13:10 | 1046681 mrdenis
mrdenis's picture

PM's can survive a nuclear blast if properly protected .Must be wrapped in saran wrap and tightly sealed with duct tape ...Godspeed .

Sun, 03/13/2011 - 13:18 | 1046702 Rick Masters
Rick Masters's picture

If you have Netflix rent the third DVD for harsh realm, a short-lived sci-fi show by the Maker of the X-files. In the eight and last episode, camera obcura, the two main charcters go looking for gold in a post-nuclear world as it is the form of currency and it's all held in NYC, where, a nuclear bomb went off. But, to answer you question, the show seems to think it does.

Sun, 03/13/2011 - 13:39 | 1046756 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

cool.  Sounds like my kind of show.

Sun, 03/13/2011 - 14:08 | 1046821 SpaceHerpes
SpaceHerpes's picture

For what its worth you can make any metal radioactive If you bombard it with an ample amount of nutrons or protons. 

Sun, 03/13/2011 - 14:20 | 1046848 Urban Roman
Urban Roman's picture

From Wikipedia:

Gold has been proposed as a material for creating a salted nuclear weapon (cobalt is another, better-known salting material). A jacket of natural 197Au, irradiated by the intense high-energy neutron flux from an exploding thermonuclear weapon, would transmute into the radioactive isotope 198Au with a half-life of 2.697 days and produce approximately .411 MeV of gamma radiation, significantly increasing the radioactivity of the weapon's fallout for several days. Such a weapon is not known to have ever been built, tested, or used.[1]

Sun, 03/13/2011 - 15:03 | 1046921 anonnn
anonnn's picture

Short answer: Gold can be made radioactive into isotopes of varied half-lives, mostly short.

That i why gold from  nuclar power plant instrumentation is supposedly handled and isolated from commerce after its use/exposure. 

Radioactive gold can find it way into commerce by dilution with normal gold. So there is risk of low-level contaminated gold being sold as jewelry, etc...and beware the "etc".

Sun, 03/13/2011 - 15:42 | 1046992 New_Meat
New_Meat's picture


"Do precious metals absorbe radioactivity?"

Yes, and they also get activated.  Pat Frank in "Alas, Babalon" has post nuclear war characters coming out of contaminated area with their accumulation of "bling."  Then they get to die from secondary.


- Ned

{and his "Hold back the Night" is a story of the ooooold Corps on the ridge above the road as 1stMarDiv "attacked in a different direction.}

Sun, 03/13/2011 - 12:41 | 1046601 strannick
strannick's picture

Oil through the roof. Japanese liquidity flood. Silver through the roof. Prepare. Pray and prepare. God be with the Japanese

Sun, 03/13/2011 - 13:01 | 1046647 Oh regional Indian
Oh regional Indian's picture

God be with all of us strannick. This is an expression of our collective embrace of explosive technology as the bedrock of our convenient lives.

The day I found the etymology of convenient was the day I understood that it CANNOT end well.

Con = With

Venue= Coming together to do great harm

Interesting eh?

Plus the fact that the only country to be officially bombed with nuclear material embraced it as it's power-source (well, it was made to, but that is a whole other rant). In the most seismically active country in the world.

Hubris and thought-less-ness.



Sun, 03/13/2011 - 13:05 | 1046666 cossack55
cossack55's picture

The Japanese were much smarter/wiser until Ronald McDonald showed up.

Sun, 03/13/2011 - 13:16 | 1046693 Oh regional Indian
Oh regional Indian's picture

Hai. The introduction of English threw them completely. To watch them squirm as they try to speak it tells a story in itself.

Japan was socially engineered into submission in such a crazy, heart-less and heart-breaking way.


Sun, 03/13/2011 - 15:49 | 1047007 Byte Me
Byte Me's picture

Got any more pretentious opinionated junk for us today?

Sun, 03/13/2011 - 13:53 | 1046783 whatsinaname
whatsinaname's picture

Even middle class America was a lot smarter until Ronnie McDonald showed.

He started the 401k programs in 1982 and everybody got into trouble.

Sun, 03/13/2011 - 15:27 | 1046971 snowball777
snowball777's picture

C'mon, twinky...Raygun is responsible for quite a bit of middle-class destruction, but...

Congress amended the Internal Revenue Code in 1978 by adding subsection (k) to §401 whereby employees are not taxed on income they choose to receive as deferred compensation rather than direct compensation.

Sun, 03/13/2011 - 15:58 | 1047025 Ident 7777 economy
Ident 7777 economy's picture


Even middle class America was a lot smarter until Ronnie McDonald showed.

- - - - - - -

"Mr. Gorbachev, tear down this wall."

Yup, a TERRIBLE idea ...



Sun, 03/13/2011 - 13:08 | 1046676 DoChenRollingBearing
DoChenRollingBearing's picture

+ 1

May God in whatever form He is, be with all of us, but especially the Japanese.

Sun, 03/13/2011 - 13:15 | 1046689 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Which god?  The Japanese believe the sun to be a goddess.  Moon God, Storm God, and Sun Goddess.

Sun, 03/13/2011 - 13:31 | 1046736 InconvenientCou...
InconvenientCounterParty's picture

If we are picking teams, I'm with the sun goddess.

I'm praying for that cranky beeatch to rise tomorrow morn. I'll let you know how that works out.

Sun, 03/13/2011 - 13:58 | 1046794 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Well if she does hide herself in the Stone Cavern of Heaven again, we have a script on how to get her out.  Long story short, we need a mirror and a diety.  Let me know...

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