Bitcoin does not work because people do not trust to buy things with bitcoin. I have a site running now for 5 months selling precious metals, made plenty of sales with credit card, bank transfer, no problems but not a single bitcoin purchase!
What is the point in bitcoin again?
Bitcoiners can send any amount of bitcoin around the world in 10 minutes for a few cents. Tried sending gold threw the post ? Haha.
Private keys can be encrypted with a password, so unlinke gold, Bitcoin is much more resistant against theft.
You understand now ? Since Bitcoin overpowers and disrupts gold in every aspect, why would Bitcoiners buy gold ??
But you cannot put Bitcoin into your asshole.
So if you are in jail and need to buy things, it is better to have a few ounces of gold in your asshole to purchase stuff in prison.