Saturday, August 3, 2013

iron ore

The opposite of gold is iron. Gold is very expensive. It is the opposite of iron. Yeah, people see that gold cannot rust or corrode so it is seen as precious. It is used in jewelry as a setting for gems. Base metal are used in industry and have little value for us. Expect a decline in iron ore prices. Slow down in the Chinese economy is putting downward pressure on prices. Mostly, we see it used to make steel that is used in construction of new areas.

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