As you should have known by now (since we had discussed similar issues previously), I maintain the idea that nothing has intrinsic value, all value being subjective. That's why I double-quoted the word. And yes, I meant just that, "direct use value" in your speak, something that you can eat, figuratively speaking in respect to money indeed (the utility of money per se I explained before). Regarding your "exchange value" (it seems that now I get what you mean), you describe not value but the universal machinery which makes exchange possible ("an individual's preference for one thing over another"), irrespective of money. If money didn't represent things which can be bought with it, the exchange with money as an intermediary wouldn't be possible. In fact, the very concept of money wouldn't be possible if things didn't have what you call "exchange value", since there would be no exchange in the first place. Money just represents this "exchange value" of things. This is being proven by the fact that any exchange through money (goods-money-goods) can be done directly, i.e. without money (goods-goods), therefore the value of money is not in the exchange itself...
Here we go again. You may be correct, but using inaccurate, random definitions. How is it possible to regard intrinsic as contrary to subjective?
Why should I repeat it again that there is no such word (intrinsic) in my understanding? I don't consider intrinsic as contrary to subjective, I am just saying that this word makes no sense since all value is subjective. I'm using your words as you mean them (intrinsic as in "something you can eat", though I specifically double-quote them), but you then blame me that they are "inaccurate, random definitions". They are your definitions, not mine...
Is there not a concept "value for direct use" either, in your understanding? It is basically the same, but intrinsic "in itself" captures it better and is the word generally used for the concept in the literature. Objective, on the other hand, which no value is (consistent with value being subjective, an antonym to subjective), means that the value is disconnected from the person valuing it.
So a thing is valueable, not objectively, because the person valuing it is not an uninterested bystander, it is not other persons who value it, but the subject, the person making the choice. At the same time it is valueable by and in itself, because it is traits with the thing itself, its calory content, it's taste, it's color, it's structure and so on that the subject takes into account while evaluating. Money, being green sometimes, it does not matter, it is not those intrinsic traits that give it value. Only the speculation that others will prefer it in some future trade.
I probably waste my time with this.