The dwarves and the black elves live below the ground and in stumps and stones. Among all creatures in the universe they are the foremost blacksmiths. Deep down in the underworld they forge the treasures of gods. They use the metals from the veins of earth to create the most precious things. It has been said that this folk may be able to teach you the secret of alchemy and the knowledge of making gold out of earth.

LOL that explains gold is not scarce