In contrast when gold mining gets more efficient, either we expend less energy, or we produce more industrially-useful gold. Admittedly in the limit where people are just buying gold and putting it on the shelf I guess the same considerations as bitcoin apply? Hmm.
So if we're measuring ecological efficiency of Bitcoin, it'd be something like cents or watt-hours or grams CO2 per financial transaction. I've never seen a rigorous comparison, but I wouldn't be at all surprised if Visa and Paypal are more ecologically efficient than Bitcoin.
We store it in vaults...
http://geology.com/minerals/gold/uses-of-gold.shtml
I suspect that even a lot of the "investment" uses of gold are much more about human emotional needs. I helped someone sort out the house of a deceased elderly relative. There was quite a bit of stuff purchased and stored away: coins, silver, gold. A number were of the Franklin Mint variety, where they wildly overprice the metal:
http://coins.thefuntimesguide.com/2008/11/franklin_mint_coin...
I'm sure the guy was happy with his purchase, but as investments go it was a terrible idea. He would have been much better off putting his money in index funds.