Will Greenland go up for sale? Part 2.

 WHAT IS GREENLAND WORTH?

THE ULTIMATE REAL ESTATE DEAL

We hear much talk now of the U.S. buying Greenland from Denmark. Then you hear that Greenlanders want independence from Denmark, that in itself is a complication. Would the Greenland citizens be more open to becoming part of the United States, likely a territory? Donald Trump Jr., someone with experience in the real-estate business, was in Greenland yesterday, was he talking to the Danish or the Greenlanders?

Denmark, says not for sale, but that is often the beginning of business negotiations. Denmark is 1822 miles from Greenland, but only 500 miles from Maine. Denmark has a population of 6 million and Greenland a population of 57,000. Denmark has GDP of $404 billion. Greenland GDP $3.24 billion. Greenland has an area of 836,300 sq. miles, that translates to around 535 million acres. Only the coastal areas are ice free, the rest is ice covered and sometimes as much as a mile deep.

So, what is Greenland worth? Let's face it, it is not ocean front property in southern California or even farmland in Iowa. There is a reason that it has only slightly over 50,000 inhabitants, very few people would ever be willing to live there. I expect the young leave as soon as they are old enough to set out on their own.

So, will Denmark ever consent to selling Greenland? What if an offer was made and it was put up for a referendum? At $100 an acres it would be $535 billion, more than the annual GDP of Denmark.  At $200 an acre it would be over $1 Trillion, approaching 2 1/2 times the GDP. That would be around $18,000 per man women and child in Denmark, or $72,000 for a family of 4. Does anyone doubt that such a deal is possible?

Would it be good deal for the USA? If you are die hard believer in global warming you should be ready to pay lots for waterfront property, just not too close to the water, as it is now.  We could expect the leasing for mineral rights would be a windfall for the U.S. 

What about Denmark? Well they have had this territory for decades and done very little with it. They may not have the financial ability to ever develop it. Can they get more for it? Maybe, what about an auction, Is anyone else interested in this prime re-estate? Maybe China or even Russia, who has lots of experience in developing in the arctic. Wow, Who knows what Denmark could get in a competitive bidding contest? It would be the biggest Re-estate auction in world history.

We will see, as of now it is just the beginning of this possible deal, but don't be too sure that it will not be sold.

Originally posted 1/8/25

Update 1/20/26 

As the talk of Greenland heats up we can expect an offer may be made soon, While many say it is not for sale, when actual money starts being considered, I suspect most Danes, who have never been to Greenland and have no plans in going and it would not be hard for someone to convince a majority of Greenlanders that the price is right.

Denmark could make it a world spectacular event if they put it up for auction to the highest bidder and televise the deal. It would out sell the super bowl. Trump and Xi with paddles and maybe an anonymous phone bidder. If Denmark is smart they will demand payment in gold, not a truck load of paper in a truck backed up to treasury. 

The latest reason is the fantasy of golden dome missile defense system. A modern day Maginot Line. A Reagan era redo that is mostly about the false reasoning of breaking Russia by out spending them into oblivion, something that we have already done, without Trillions for Greenland and more Trillions for a defense system that is impossible. 

Stay tuned we can only expect that more craziness is on the horizon with the focus now on the Arctic circle.