Especially in repeated playthroughs golden chests become kind of useless. It's fun to find them, but that's about it. Wasted potential in my opinion. What if every month or so they change location? They could have useful loot, perhaps based on finders' level, or the same thing all the time: randomized legendary or exotic engrams, etc. just a thought.
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I don't know if they did do something with it but whenever there is a golden looking chest (not the "set" golden chest), I think the chances of getting lots out of it is higher than the normal chest. I've gotten 5 things out of it before... Probably at least 3 times already.
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A pretty darn good thought