This guy had the clout of being a mineral consultant to the Chase Manhattan, back before the relaxation of usury laws stole money away from Western banks backing mining loans, taking our much needed capital into the Back East M3 world of credit card debt.

Inside of one day his conclusion was that we had detailed a 100 years supply of a superior smog resistant building grade dolomite marble, and it was a waste of our time to try and double the reserves to 200 years.

That was the lesson 50-years ago, on a “reserves” deposit still untouched, except for a few unique patterns and colors on the contact of the metamorphosis.

This experience also was a “heads-up” concerning the quality of Taiwanese imports, and then competition from the numerous quarries of the People’s Republic of China.

From my experience I know that Western Marble is far superior in quality to that of the Far East. As I believe in the fairness of the “best” product winning over “lowest price,” in a free-enterprise situation, I know that quality will eventually prevail over quantity. But as already stated, how can shipping costs, say, from Italy to Las Vegas, be waved away from the crucial factor when competing with our local “carrara style” white?

How can this be?

B) We have allowed Wall Street to turn our marble reserves into spreadsheet values. Into “casino capitalism” poker chips.

Ever heard of Texas “Short Sale Flips,” or London “Prime Bank Traunces,” that somehow had to qualify for humanitarian purposes? Or how about the “Insurance Wraps” as the famous multinational AIG underwriting out of a London Office? Did you take enough French in high school to be able to define “Arbitrage” as capitalizing upon an imbalance to make a profit from the difference between in market prices?

I know, it is difficult enough to run a business with payroll problems, without having to hire a room full of lawyers to understand how the “Initial People” as the NYSE, NASDAQ, TSX, COMEX, CBOT, CME, DCE, LIFFE, KCBT, KLSE, LME, NYMEX, NCEL, MCX, IIFCM, IMF, ETF, SLV experts —all leaning on a shovel instead of doing honest work— can screw up the Law of Supply and Demand in a Free Enterprise System to the point that derivatives have more value in the market place, than the actual product!

As a surplus of pork bellies would rot without cold storage, and wheat is subject to weevils, in-ground marble makes such a better store of value for insurance, banking, and Stock Market Leverage than above ground inventory. Especially when U.S. Geological Survey, and U.S. Bureau of Mines (now not funded by Congress, as they actually helped American miners) list stone deposits in the millions of tons range.

In my experience I witnessed a “tame” MBA —no, not from Arthur Anderson Accountants— wave his arms over a rock pile to bless it with a $55 Million gross value that was used to back a business Insurance company in California, based in the Turks Cacaos Islands.

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