Earlier quoted context omitted.
Gold plated cables actually serve a purpose, although the average consumer does not have a need for them. In a studio environment, where cables are frequently plugged and unplugged, the gold plating protects the contacting surfaces, extending their lives.
Are you sure? Gold is one of the most soft/malleable metals used to plate connectors? (I know it's one the best best conductors). And we all know, there's no difference between the $150 hdmi cable and the $5 hdmi cable except cosmetics and perhaps some better shielding. They're all digital connections, so the signal/bits are either there or are not.
Absolutely not true. There is quite a lot of engineering behind making an HDMI or Ethernet cable work:
http://en.wikipedia.org/wiki/Transmission_line
And, there are plenty of ways to mess it up and make a cable that only sort of works.
TMDS, the signaling mechanism that HDMI uses, does not have error correction codes. It does do some error detection by using 10 bits to transmit each 8 bit message and declaring some of the binary representations "invalid", but if the cable does not work well, you will get visual artifacts. (I was surprised when I saw this; little specks of green among blacks while I was running an HDMI cable very close to its maximum bandwidth. One video card I tested refused to output anything, but another was happy to send a signal that was corrupted by the cable.)
Further reading: