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The above excerpt from the 5E rules seems to explicitly state that there isn't a magic item economy, so unlike previous editions you can't just waltz into a large city and score yourself a +2 flaming sword. Also, selling magic items requires finding a buyer, probably only getting a fraction of the item's worth, etc.
I like this from a fluff point of view, as I always felt that magic items never felt special enough, and adding scarcity does that. But: without magic items for sale, in a kick-in-the-door campaign, what do players spend their hard stolen loot on?
My group doesn't play D&D as a heavy simulation game, so while we could technically use gold to buy castles, fleets of ships and keep a family of twelve in an aristocratic lifestyle, or even just stockpile gold as an arbitrary score of success, none of that has an in game, crunch effect.
For clarification, this question isn't necessarily about wanting to obtain magic weapons, more what you spend all that cash on if magic weapons are out of the question. As noted in one of the answers, this is the same as 1st and 2nd ed, but as noted in the comments, it wasn't necessarily a good thing and articles were written on what to do with all your riches...
A supply of gold can give (with some time and organization) a widespread network of informants that can be better than any 'gather rumours' check you can make. See Sherlock Holmes or Game of Thrones Varys for nice examples in fiction.
A band of henchmen can ensure that every night camp has multiple watchmen and a quick defensive encampment around it, as historical army detachments made at every nightfall - a dozen workers with shovels, axes and a supply of nearby trees can achieve quite a lot in a couple hours.
If your desired magical device of power can't be bought, then it can likely be made. Not everything that's needed for it needs to be obtained by yourself. If it needs a McGuffin from the eastern mountains, a FooBar from southern seas and a thingamajig from the western desert, then you can go yourself for one of them, send a hired expedition (or two) of N-5 level adventurers for another, and offer a large reward (hand of princess optional) to whoever produces the third item.
This is one of those "Let me tell you a story about how things were pre-third edition" questions. In every D&D edition from the 1970s to the year 2000, you couldn't buy magic items to spec. But you still got gold. We didn't complain about it and found it quite useful.
In most of real world history, you couldn't buy magic items. Yet still gold/money is avidly sought after and very useful for a bunch of reasons. Consider world history a couple minutes and some of these answers may come to you on their own.
If you just want crunch for your personal character sheet from your money - sorry, 5e might not be the game for you. Gold in 1e/2e/5e is more of a way to encourage you to think nonlinearly about your challenges and say "given the resources I have at hand, how can I get what I want" as opposed to driving down the path of really only allowing for the solution "hit it until it stops moving with your own sword" that 3e/4e more strongly encourage. Though I guess you could sit on the big pile of gold, wait for thieves and monsters to come, and slay them for more XP as a slightly more indirect route to personal power.
"There's no magic item economy" does not equal "Magic items are never bought and sold". It's just that there's no set market for them, they're too rare for that. If a character puts word out that he's looking for a particular item, someone might manage to turn it up for the right price. Barring that, commissioning someone to create the item might be possible, if there are high enough level spellcasters in the world. Maybe you can sponsor younger adventurers to go find the item for you.
Obtaining the items will probably be cheaper than expected if all you "buy" is a quest hook. There's every chance that someone who owns the item you want has something they need done. Maybe the city-bound wizard would love to make your magic item, but needs components from a far-away place. Perhaps you could pay the right people for rumors leading to a ruin where the item you want is rumored to have been lost.
"No magic item economy" means not every character is going to have exactly the items they want at exactly the levels they want them. It certainly doesn't mean there's no way to turn gold into items with a little creativity.
What you're having is a failure to roleplay. The players are not imagining what they would do in the characters' place. Okay, they don't want to lead armies or set up kingdoms; don't they want to do other things? Throw legendary parties; buy ships and deck them out with luxury? Spend months in bordellos or bars? Feed the poor?
To go back to 1e, this sort of thing was handwaved by the large upkeep costs as well as the training costs, but to go back even further, Arneson only gave xp for gold that was spent in pursuit of a character's "hobbies".
So, talk to the players and see if you can get them to come up with what THEY would do if they were the characters with all that money and start acting on that, even if it is ultimately waved away by you starting a session by saying "Frank spends 10,000gp on a captive hummingbird from the moon which is the talk of the town for a month until it dies of loneliness. Now, the Crypto-Pope has asked for your urgent help in putting down an invasion of Soul-Baptists; what do you say?"
As to your problem, you character's would probably be very interested in gold and the temporal power it provides. However, if you choose not to immerse yourselves in the role-playing aspects of the game (and that is a perfectly legitimate way to play) then you have to ask yourself what it is that you want for your characters.
I think that, on reflection, you would have to concede that you didn't actually want magic items for your character either - you want power. The power to kick-in bigger doors, kill bigger monsters and not die (presumably in order to perpetuate the cycle). However, what matters is relative power.
In a magic item rich world, those items gravitate to the hands of the players and increase their absolute power - their opponents need to therefore be beefed up to challenge them. This just means that you get to the bigger doors more quickly.
The important thing to note is that in the absence of magic items, power comes from XP - the higher your level the more power you have. Two points: 1) in 5e that power is "bounded" - your character will never bestride the world like a god, 2) XP are the ultimate in not being money - you can't buy 'em and you can't sell 'em.
Magic items are outside the realm of all but the wealthiest nobles, and you won't normally come across magic items that can be purchased, but there is a key word there. Normally. And as you level up as adventurers you will encounter people, creatures and places that are well beyond normal.
You won't be finding magical items on-stock in shops, so your only real option to purchase them is to barter with other magical-item-owning humans and creatures. You could, for example, offer a treasure trove (literally) of gold in exchange for an old warrior's ancient 5+ Flaming Sword, so that he can retire to a life of luxury. Or you could offer the dragon an even more impressive treasure trove in exchange for just one magical item from his collection. Money, while usually an object of exchange, is still a valid item for barter.
Your only source of powerful magical items is going to be an equally powerful wizard, and wizards despite their awesome power are still subject to avarice. You may need to search high and low to find a wizard, but once you do you may be able to purchase his services to craft for you a custom-made item that will aide you in an important battle.
And of course there are options to purchase items that are not magical at all. Armies to fight your battles for you (I would even give you EXP as a DM if you're leading them into battle yourself). Fortresses to act as strongholds for you and your allies. Businesses out from under rivals to crush their financial stability and get an leg up on them. There are endless possibilities for what you can buy with enough money, and at high enough levels you will certainly be able to afford a few.
These two articles don't explicitly answer your question, but you may find them very interesting from a fluff standpoint. They offer dozens of ideas for how to hang plot hooks from the monetary and magical rewards your characters may pick up (which is possibly better than a pure crunch solution to the problem, depending on your perspective).
My approach is to make magic items hard to acquire. That doesn't mean impossible, just that the characters have to do some "leg-work" to find them. You're not going to waltz into just any merchant's shop and find a bunch of magical weapons waiting to be picked up. This is a specialist item, rare and generally in high demand amongst those with the resources to acquire it. You can find a guy who knows a guy who can get you a meeting with some, shall we say, "shady characters" who operate outside the guild system (well the legitimate guild system), and you can maybe find what you're looking for that way.
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