It is only worth what other potential owners are willing to pay.
In practical terms, it is worth mostly nothing.
Agree.
My point is that this is only true during conditions of prosperity and world wide calm. I guess my mind always thinks about the potential for everything to go badly in the future, and as a consequence I believe people should design their lives for robustness and assume that bad things are going to happen for which they need to be prepared.
I should not be surprised if China invades Taiwan within a year or so.
Best to have real world tangible assets, but that's just me.