Dwarves tend to symbolize values like thoroughness, careful work, perseverance, etc. However, if in the dream you are the dwarf the meaning changes completely. The latter signals a very stark view of things; you might be limiting your potential. Your creativity, therefore is underutilized. Gold symbolizes our true self and, as in Snow White's story, the dwarfs extract it from the mine. So, this image can also represent the search for self-knowledge. To see your friends dwarfed predicts good health for them and a great joy from living with them. If in your dream dwarfs appear ugly and malformed, the outcome is disaster.