No, he was melting his gold down and using it as the framework of his car, so he could sell it undetected in nations like Pakistan where the scarcity of gold greatly increases it's value. It's a scheme that's based in solid economics.
I was right. In fact, I found something like you:
gon·or·rhe·a ( P ) Pronunciation Key (gn-r)
n.
A sexually transmitted disease caused by gonococcal bacteria that affects the mucous membrane chiefly of the genital and urinary tracts and is characterized by an acute purulent discharge and painful or difficult urination, though women often have no symptoms.