At one time Gallup, New Mexico had one of the highest concentrations of millionaires in the country. That was before the housing boom and the explosion in consumer electronics.
Many, if not most, were from the sizable Lebanese community in Mexico who found that trading in Navajo Jewelry and Art (real and imitation) was very profitable. Low overhead, high margins and high turnover plus an endless supply of gullible customers (who couldn't tell a Navajo from a Lebanese) delivered to their doorstep via I-40 made for a perfect setup for culturally sharp traders.
That, plus a mostly cash business under the IRS radar, made a bunch of Lebanese very wealthy.
But you had to live in Gallup.
posted on 11/08/2011 2:23:44 PM PST
by MARTIAL MONK
(I'm waiting for the POP!)
To: MARTIAL MONK
Gallup a rich town? I find that hard to believe. I have been to Gallup and it looked pretty crappy. As far as that and the Lebanese population I guess you know. I remember a Palestinian woman working in one of the shops complaining about Israel.
posted on 11/16/2011 5:54:35 PM PST
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