Cracker, some iron compounds have that property too.
Wasp, iron found in tanks is bound organically. With small amounts occuring as Fe(OH)3. These don't just decide to precipitate out unless you upset the chemistry of the tank dramatically.
Not that that matters anyhow. The point was that many natural zeolites contain iron oxide. And obviously many phosphate removers are pure iron oxide.
So, makes you wonder what the link is between phosphate remover related coral losses, and zeovit related losses doesn't it?
Layton