I agree with Will's analogy also, but they aren't an 'investment' as they aren't fungible and only decrease in 'value' (which they really don't have). They had a "cost" (kind of. For many years there was no additional cost for a point in CO).
Even if we assume that because they had some 'cost' they must have some Value, that value is totally subjective as it is based on each individual. In the example above from
@enbhunts , his 'value' cliffs at 3 points. For others, they
actually are 'holding a spot in line' (e.g. the Resident Max Bear point guys looking to hunt the Bosque).
They're most comparable to airline miles. Always de-valuing and the rules and framework for use are constantly being changed. They can also Expire.
Point Banking would decrease Demand to some degree (especially with the 2-point penalty), but probably not enough to make a difference in the top 10-20 hunt codes, and it will take quite a few years for results to materialize. I doubt the 200K+ applicants have enough patience to let that play out (e.g. the last time they tried it in 2008 and the uproar that followed)
Minus the obvious "more critters on the mountain and more tags", the only current levers to increase supply of limited draw tags are to :
A - Clawback tags from Landowner/RFW programs (Absolutely Zero chance this is happening)
B - Expand the Hybrid draw, which would just exacerbate the angst from the high point holders and generate more confusion on "wHy aRE peoPlE wiTh leSS pOiNts ThAn mE dRAwiNg tags?!"
Best fix for pure preference in CO:
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