Mechanical contact reliability is related to several factors:
1. The type of materials, and their oxidation properties
2. The contact pressure per unit area
3. The voltage present at the connection
4. The exposure to an environment that promotes corrosion or oxidation
On the first point, while copper does oxidize, gold does not, hence the use of gold plating on connectors and contacts. Other contact materials used on connectors oxidize very slowly, like nickel. Some quite quickly, like silver. Copper oxidizes slowly over time, but this factor is almost completely eliminated by others that follow.
The second point, contact pressure per unit area: The higher the contact pressure, the more reliable the connection. Large loose connections can be trouble, but smaller high-force connections are highly stable. The aircraft industry, for example, for years preferred high pressure crimp-on connections over solder-on. A crimp tool applies hundreds of pounds of pressure forming the metal into a shape that continues to apply force pretty much forever. For a given contact force, if the area of contact is small the contact pressure is high. Tightening the screws in a banana plug results in a small area, high pressure contact.
Consider that the phone company uses non-gold contacts on bare copper. They are high pressure, low contact area insulation displacement contacts. There are literally billions of these connections, and the picked the most reliable connection method. No gold involved.
Point 3, voltage. Higher voltages literally burn through oxidation. This is because oxidation presents a higher resistance, which when voltage is applied and current flows, the micron-thin oxide layer heats and vaporizes. If the oxidation layer is very thin (new or recently formed) it doesn't take much voltage and current flow to clear it. Speaker level voltages are plenty high enough for this to happen, where as microphone voltages are too low for burn-through.
Number 4, corrosive environment. If the connection is exposed to something like moisture, or worse, sea water, it pretty much needs extremely high pressure or some sort of sealing to be reliable. Crimp on connections are used in marine installations with high reliability. The high pressure of a screw in a banana plug, so long as it does not loosen up, is also adequate. This is a moot point in average homes away from the ocean. The Sewell Silverback connectors are over-kill on the wire side, under-kill on the connector side. One set screw, cranked in tight, is sufficient to create a high pressure contact. The material is 24K gold plated copper, it doesn't get better, and the connector itself won't oxidize at all. Then they added a second screw, which adds nothing, but makes you feel good about buying them. The problem here isn't the screws, or sealing that side of the contact. It's that the banana pin side creates a large, low pressure connection on the banana socket. Each pin contacts the tubular socket with at very least 8 edges of the bands, and probably some of the band body. That spreads the contact force over a very large area, reducing the contact pressure per unit area. However, it's 24K gold plated, so if it goes into another 24K gold plated socket, you have no problems, no oxidation. If you shove it into a nickel plated socket, the nickel will oxidize over a very long time. But none of that matters because of the voltage and current present in a speaker circuit. It's plenty enough to keep micro oxidization burned clean, even without the gold, even without the double screws.
This is all an exercise. One screw alone in a nickel plated connector would do the trick. Sealing, unless you are on a fishing boat in the Atlantic, is pointless. All it accomplishes is making life more difficult.
Ever hear of a speaker connection failing because the contact oxidized? Nope, me neither. In fact, the old cheap spring connections on receivers of decades past, where you shove in a bare piece of wire into a hole always worked because of high contact pressure and high voltage. Spend your money on gold RCA connectors. And don't get me started on the terrible design of HDMI!
A word on the 24K gold plating. It's very, very thin, and 24K is the softest gold there is. It will wear off if you connect and reconnect many times.