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The main benefits of wearing gold jewellery include prevention of black energy from entering the body, insertion of divine consciousness in the body, spiritual healing and protection from negative energy. Gold has been recognised since primitive times to symbolise wealth and luck as well as strengthen confidence.
There is some truth in your words too, but I think that gold jewelry brings good luck and adorns our spiritual state, as well as basically adorns our body. I often wear mens gold rings to please other people. I simply do not get enough attention from friends and relatives, so I put a lot of rings on my fingers and walk around on the street to attract the attention of people who adorn me.