In the past yes, but I'm talking about today. Gold is a stable store of value that is not really used as money (at least in the U.S.)
A trait gold shares with bitcoin. The volatility makes it terrible as a currency, not to mention the expected rise in value. That makes BTC even worse as a currency - there is no sane reason to spend bitcoin if you believe in the concept.
When, in fact, it lends support to his argument.