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Trouble in Iron Ore Land
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
acting-man.com / Pater Tenebrarum / January 15, 2015
Vale of Tears
Vale is the world’s largest producer of iron ore. The price of iron ore has recently hit a 5 year low, as China’s mad-cap building of ghost cities and the associated infrastructure has slowed down considerably. Iron ore prices are highly volatile – they rose far more than those of most other commodities during the bull market and are liable to fall more as well. In fact, the long term history of the iron ore price suggests that there is still a lot of potential downside – current prices are only low compared to the prices seen at the height of the bubble.
62% iron ore, January futures contract
The post Trouble in Iron Ore Land appeared first on Silver For The People.
Thanks to BrotherJohnF
Source: http://silveristhenew.com/2015/01/15/trouble-in-iron-ore-land/
