The value of gold is objective, not subjective. It is superior to green cotton paper because of its intrinsic value. The energy and manpower required to mine and refine it, in addition to its scarcity are what give it intrinsic value. Its beauty, durability, density, resistance to rust, scientific and industrial applications, you can add those as well.

Green cotton paper has none of those properties, neither does toilet paper, neither does shit.

"Injecting paper" is theft by counterfeiting, it has never created prosperity.