In one hand I held my sons tennis racket. In the other I held a small bag of gold jewelry. Given the choice, which would you like to have? I have one condition. You may not sell or trade the item that you choose.
I knew what my son would choose. He chose the tennis racket because he loves tennis. I would have made the same choice. Under those conditions, I would choose a roll of toilet paper over a mound of gold. What use do I have for gold, other than to sell or trade it?
Now what choice would you make if free trade were allowed?