I think we're seeing massive inflation due to money printing and the inevitable only productive use China and others can see for their foreign USD currency reserves that have declining buyer power each day --- Buy buy buy buy hard useful assets like iron ore / wood / food / water rights ...
This won't stop anytime soon if they keep printing he toilet paper fiat currency. It will only stop when they turn on the CBDC'S Central bank digital currencies... We will still be ok as iron ore will just be priced in whatever people exchange value with even as it inflates or gets replaced. Even better if you buy stuff with paper locally but get paid in the more valuable crypto internationally...
Iron ore price, page-31854
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Last
$22.59 |
Change
0.110(0.49%) |
Mkt cap ! $69.55B | |||
| Open | High | Low | Value | Volume |
| $22.37 | $22.60 | $22.21 | $90.44M | 4.024M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2064 | $22.57 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $22.59 | 197 | 1 |
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| FMG (ASX) Chart |