What do you think the value of a race point would be in gold pieces? My current thought is somewhere between 2 and 3 thousand gold for an assigned race point.
For example:
Gem of the Ifrits: While holding this ruby red gem in one hand, the bearer gains Elemental Affinity (Fire) as though he were an Ifrit.
GP: ???
I know buying their primary stats up (and grabbing spell like abilities) are dangers of allowing gold pieces and race points to be interchangeable, but as a GM and not allowing the players to craft items I think it could be handled without it getting out of control.