80% of all USd printed last year and a bit according to M1 charts from the Fed roughly.
$55 historical average price for iron ore X 1.8 = $99 iron ore floor in modern toilet paper USD.
Just my 2c ... I think it explains how it popped to $200+... about $120 in older money
therefore, I don't think price will collapse to historical average ever again.
Iron ore price, page-42326
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