Using “as anything as” compares the value of two things, rather than separately giving either of them an independent value.
The price of a virtuous woman might be ‘as rubies’, ‘that of rubies’, or ‘as that of rubies’ but none of those puts her price ‘far above rubies.’
All three give ‘the value of rubies’ to Mrs Virtue; they make her ‘as valuable as rubies’. Mrs Virtue might ‘make a present’ for her beloved Solomon; she could not ‘make a present to’ anyone. Strictly, she might ‘give a present to’ or ‘make a presentation.’ To ‘make a presentation to’ would involve using a slide projector, not giving a prize.
To chop out each 1st ‘as’ would kill all the other examples and leave ‘I will go well as him’ lying injured.
Whether it’s actually clever or funny, ‘I am seven times as old…’ is an algebraic conundrum, not a linguistic distortion. It’s purpose is to be confusing and it’s meaning is not ‘I am seven times as old as you.’
‘I was as good as you are’ indicates that in the past I was as good as you now are. ‘The past’ could be 50 years or 10 minutes.
‘I was good as you are’ says nothing about how good I am now. It might well be interpreted as ‘I was once good and you are now good’ with no measure except that neither was bad. The function of the second ‘as’ would be to indicate one being better or both being the same.
‘I will go as well as him’ indicates two people traveling together with no question of their going having value, because of the nature of the verb. With the same construction ‘I will race as well as him’ would not distinguish between running at the same time, whoever won, and running equally fast, perhaps in different time trials.
‘I will go well as him’ indicates perhaps an actor preparing to play a part.
‘I was eight times as good as you are’ is no different in form from ‘I was as good as you are’ even though it contains a specific value.
‘Go as fast as you can’ indicates a comparison of intended speed against possible speed.
‘Go fast as you can’ indicates the speaker is a learner attempting to understand the language.
‘Go fast’ is a simple imperative.
Let A := “me”, B := “you”. A_is = 7 * B_was; B_was = B_is – (A_is – [A_was = B_is]) => A_is = 7/4 * B_is.
Note that it says “.. when I was [as] old as you are [now].”