Given They have had free energy tech since (at least!) the 1950's, and transmuted lead to gold in the 1970's, I can guess that, though They said the energy costs to make an ounce of gold would be about a million dollars...
I'm going to bet that with free energy, They have been transmuting all kinds of elements, from one to another. And so...
The value of any element is, in reality, limited in difference from any other.
And that free energy makes accounting for Our energy quite pointless (We adding energy and getting quantified wealth units for it), the value of anything in terms of quantified wealth units is zero, and in terms of usefulness infinite.
But the psychopaths in control keep Us emotionally attached to the idea of quantified wealth tokens. "Nothing would get done if We couldn't bribe...er...pay People for it."
In truth, if something is causing a problem because it isn't done, someOne will find a solution - either create automation to make sure it is done, or do it Themselves.
And if there are no problems being created by its not being done... Then no problem.
Quantifying Wealth (article): https://peakd.com/informationwar/@amaterasusolar/quantifying-wealth
Some of the inventions they've created through the experiments they've been making these past few decades will make modern people of today seem a bit archaic. I think suppression is a useful tool to keep the majority "asleep" but such tools are like double edged swords...
Well, They surely keep them hidden to use against Us...
The psychopaths in control want gold, because their masters, the Elohim, wanted gold.
So, they horde the stuff. They may have shifted it off planet, or maybe they are just waiting for their "gods" to come back.
But, they want gold far more than even a deranged gold bug.
Well, I have no proof of the Elohim (Anunnaki?) but give Them some fair probability... And I would not guess the psychopaths presently in control are connected, but who knows?
But clearly, We have the tech to make as much of it as They might want - and I would think They would have this tech, too (the Elohim/Anunnaki). So I am unsure what Their focus would be on that...
My supposition is that the cone-heads, the name changers, those mother WEFers, were "God's chosen people", before this new "God's chosen people".
The "God" spoke of at that point in The Book is Elohim (plural of El) and describe a bunch of gold loving, drink loving, adrenochrome/sacrifice huffing entities.
So, i think that "God's used to be chosen people" are waiting for "God" to return. And want to buy their way back into their good graces.
And, if even half of this is so, then it makes sense of how much they want gold.
This just makes sense, but it is no way ascertainable to the truth in it.
I give fair probability You're right. But a fair probability that ET filled Us with ideas that made Us fearful, obedient... Yes, I give high probability ET has mucked about here.
But as for gold, like I said, They have tech that can make as much as They could possibly want.
I think They're just psychopaths who love to mess with Us... Highest probability in My book.