You're kidding, right ?in diablo 2 gold was useless becuase it was everywhere, but there was no where to spend it.
Just reviving your merc during runs was 35k gold, whereas monsters dropped around 20-50g.
Lets not talk about weapon repairs.. People actually made RW's in phaseblades so you didn't have to repair it, because it was too expensive .. Whereas berserker axes provided greater damage, actually.
Also lets not forget gambling, where you could spend millions in seconds, literaly.
We had HUUUGE sinks in d2, actually so large it pissed me off.. Did it make gold any more valuable? Nope.
So I don't see that argument being valid.