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Nothing. The gold remains the same.

At room temperatures and pressures gold is extremely resistant to chemical reactions with oxygen and/or water.

It is slightly soluble in water, but not so much that you'd notice. There are a few grams of gold dissolved in every million tons of seawater - its really not economical to extract.

At very very high temparatures and pressures, such as are found thousands of metres underground, gold is slightly more soluble in water and thus is able to very slowly accumulate in quartz veins - which is the 'natural' form when veins of gold are discovered.

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Q: What happens to gold if you leave it for a long time with water and oxygen?
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