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52 sats \ 8 replies \ @Coinsreporter OP 22 Oct 2024 \ parent \ on: The Daily Zap — Latest News and Updates alter_native
Because I'm not there in the USA, I've always considered Alaska was purchased by USA to counter Russia.
But I now believe Alaska is much more worth than only projecting it as a counter measure against an enemy state.
At the time, they had no idea about Alaska's vast oil and mineral wealth. The Russians used it primarily for furs, which are an underrated commodity when people talk about economic history.
It's very remote and some of the natives were very difficult to subdue. From a managerial perspective, I'm sure it was a huge pain in the ass.
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What's the situation now? I believe USA is exploiting the riches of Alaska pretty well.
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Not really. Alaska is full of anti-development weirdos who prevent unbelievable amounts of economic activity.
The state has very high taxes on oil development, such that the pipeline flow has almost fallen below the point of operability.
There's also the largest known deposit of gold, and several other metals in the world, just sitting around because people who live nowhere near it are opposed to mining. The mineral value is estimated at somewhere around one trillion dollars and it's in the middle of nowhere.
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It's interesting to know. I was thinking otherwise. I've also seen people there go to the riverside in search of Gold and they often find it. I think they don't want to lose what's been theirs.
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Almost no one goes gold panning anymore, except as a fun novelty. It's easy to find trace amounts of gold flakes, but almost all of the nuggets have been found.
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I believe you for I had just seen them do in a video. May be they were just showing the tourists how their ancestors used to find Gold.
Anyways, I'm interested in Alaska because I had dreamt to ride on Dalton highway all the way upto Arctic.