The tarnishing is a problem indeed, I have been considering using some varnishing to prevent it, but I'm not convinced on the results.
The good thing with the hardness of brass, is that it makes it possible for this craft to be really thin, while still resistant to being bent too easily; I wouldn't expect the same from gold. And well, another good point (other than the costs) is that there isn't a whole legal headache around buying and reselling gold, too.
I haven't tried casting yet (I know, it seems like something obvious to do, but I like working without heat for some reason), but I have a feeling that the "sharpness" you get from sawing the metal is harder to obtain when casting, which tends to make slightly softer shapes.
But yeah, precious metals do have a lot of advantages. I have been a bit stuck, not using silver, to have a grey metal to craft, because other than aluminum not much is doable.