I posted a poll on LinkedIn a couple weeks ago. It didn’t garner much response, but the results were nonetheless interesting. I was curious to know what people consider to be value. But to do this, I wanted to take money out of the equation and instead use an asset that most have or aspire to have, in this case, a house. The house represents at least an agreed value of some sort. Since most people can’t give up their house, I wanted you to imagine that you have a second house which you want to exchange – but for what? What would you exchange your house for instead of money?
So what is value and what is a store of value?
In this example I deliberately chose three different types of value: a digital currency, a precious metal and a something that had been created: creative work (from a “museum worthy” artist).
I deliberately wrote “you want to pass this onto your child in the future” to reiterate that this value has to continue over the course of time.
I have to say, I find the results extraordinary. If there was any way of getting better data on this, I think it would be an interesting investigation.