Christmas Presents Past

So everyone and their brother knows that Jesus got three presents for his first Christmas: Gold, frankincense, and myrrh. Setting aside the question as to just what the hell myrrh is for the moment, I have a question. What became of these gifts?

First of all, you'd think that with the gold Ma and Pa Christ could have finally left the stable and rented an actual room in the inn. I don't care if the inn keeper claimed there were no vacancies; you know how inn keepers are. I'm betting that if a gold sovereign had been slipped surreptitiously to the manager on duty a room would have "suddenly" become available. Plus, they'd still have had gold left over to purchase some pay for view movies or whatever.

Furthermore, if they'd invested some of the gold I'm quite sure that Jesus could have gone to a respectable university (I hear Judea Polytechnic was a fine school back then) instead of having to become an apprentice to a carpenter. Sure, carpenters can make good money, but there's always the problem of union dues, etc. If he'd graduated and gotten a real job, moreover, I'm betting he could have afforded to just bring the damned wine to that wedding in Cana instead of having to resort to cheap parlor tricks.

Now let's unset aside the question of what myrrh is. Wikipedia informs me that is

...a red-brown resinous material, the dried sap of the tree Commiphora myrrha, native to Somalia and the eastern parts of Ethiopia.

So that clears that up.

I'm guessing the Christs didn't know what the hell it was, either, and probably fed it to the goat or something.

But that still leaves the frankincense. What happened to the frankincense? We never hear of it again in the Gospels, so I'm guessing that maybe they regifted it or something. For all we know, John the Baptist got a shitload of frankincense for his first birthday or something. Who knows.