http://www.youtube.com/watch?v=0L7SOPDOvvIBasically his point is that gold has intrinsic value, while Bitcoin doesn't, and that most of the BTC is being hoarded and not actually used in commerce. This leads him to believe the price is highly inflated.
Wrong. Bitcoin is the only programmable money in the world and everything is moving into the virtual world. Peter S. sells gold soo he is talking his own book.