We did a trade at our guild, bringing in UFOs that we were tired of. All were wrapped and then exchanged. Everyone went home with a new UFO. This really makes sense because we get tired of an item that's been around and run out of fresh ideas. Someone else might just love this (as I do!).
What I would do with this if it were mine, is take off the gold border and replace it with something that matches the stars and is more up to date. Then I would applique a flower or circle onto the remaining gold squares that I see are in the quilt. The flowers/circles would cover MOST of the gold so you wouldn't really pay much attention to it in the end. BUT I think I would save the border and use it as a binding to bring the gold back in but in a much smaller dose.