Actually thats not quite right.
The gold is a reasonable conductor of electricity, but that isn't why its being used in this case. Its being used because it doesn't oxidise, corrode or otherwise react easily. Copper is a much better conductor, but it oxidises easily, which will make it break down and it wont make a good electrical contact anymore. Aluminium is also better, but it is fairly highly reactive to a number of things, which means it isn't a good choice. Stainless steel is a good conductor, and will pretty well.
So basically, yeah, the gold is a bit of a waste of time. Apart from that the Recreational Flying headsets are pretty good. I've got a pair, and a pair of DC-10s. The only trouble I've had with them is with one particular intercom, which seems to hate mixed headsets - tons of static with both headsets plugged in. Unplug one and the problem went away. It apparantly had the same issue with top of the line Bose ANRs...
Anyway, the Recreational Flying headset represent excellent value for money for the quality of noise reduction that you get with them. If you don't want to fork out for an ANR set, you can't really go wrong with them.
*edit* whups, should have read further on in the thread - I thought Aluminium was better than gold.