> With intrinsic value I meant that there is something tangible you need or want

the whole idea of "intrinsic value" is that it is not tied to "needs and wants", because "needs and wants" is just another way of saying "market" and on a market there is only speculative value.

"intrinsic value" as a concept is used to derive valuation of a company based on it's assets, liabilities, etc - fundamentals, as opposed to market capitalization. taking the concept of intrinsic value out this context is meaningless because nothing in the universe has intrinsic value.