If it were some random guy on the street that came up to me, I'd pick Bitcoin.  At least you can verify authenticity within minutes.  For gold, gotta wonder if it's gold plated.  Also, sometimes they drill the inside of bars and place tungsten inside.  

If the gold were truly authentic, I would still pick Bitcoin as I think it has higher potential.

BTW, I do have some gold jewelry at home I got from a girl that wanted me to sell her a $350 netbook, and used gold name brand jewelry as collateral.  That was 5 years ago and the girl never paid me back cash to get back her jewelry.  That same laptop is probably worth $50 now, while the jewelry still holds it's value.