Earlier quoted context omitted.
You think Google's mainline storage of their index is on disk ? It is to laugh. I don't think that's been true since around the time they stopped building server shelves out of lego or cardboard. They've been keeping the full text of the web in RAM (for the snippets), with indexes, several times over. With independent live siblings in multiple datacenters.
Well, the serving part of their index is in memory (or largely so) as has been publicly announced. But are you really suggesting they might do the same for indexing? Let's suppose for a second that they can get 8GB sticks of RAM for 1/3 the retail price of around $600, and for the sake of the back of the envelope calculation, let's round it up to ten GB. So let's call it $20/GB of RAM. Four gigabyte sticks might seem…
Or you could use PCIe SSD drives. You can get a TB of PCIe for $3000, and a 5 PCIe x16 mother board at Fry's costs around $300. You could get 100PB of PCIe SSd storage for around $300 M.
You could use RAM for very fast cache, and SSD storage for faster than HDD indexing and retrieval.