Im not always in the bear camp. I read this article. but fail to see the link in GOLD to BTC price.
http://www.zerohedge.com/news/2013-11-29/bitcoin-now-worth-more-goldIf he is comparing gold to BTC surly he needs to consider total supply not just (tradable units)
Just a quick bit of maths

175000 tons of gold presently mined on earth
175000000 KG
5500 million troy ounces @ $1200 each
12 million BTC
450 troy ounces per BTC (minied)
450 troy ounces = $540000 (1/2 million Dollars)
so for BTC to reach just 5% of gold it would need to hit, $27000 per BTC.
these are just approximations and nothing more.