This would have been about $1.5 billion in today inflated money. President Trump has recently made inquiries to buy Greenland from Denmark. Denmark's Prime Minister has said that Greenland is not for sale.
What is the Fair Value of Greenland?
Greenland has a GDP of $2.7 billion. If it were to be bought at 10X GDP then it would be $27 billion.
Greenland has a tiny aging population of 56,000.
Alaska has a population of almost 750,000 and this population increased from 150,000 in 1950.
As the Arctic ice melts due to global warming, Greenland's mineral and energy resources – including iron ore, lead, zinc, diamonds, gold, rare earth elements, uranium and oil – are becoming more accessible. Greenland has made natural resource extraction a central part of its plans to become economically self-sufficient, and ultimately politically independent, from the Kingdom of Denmark.