fundamentally he follows the Austrian School - let things go bust in other words
i tend to agree that gold will deflate along with every other asset class, just as it did during the dot com bust
as for equities rising in 2009 - perhaps until round 2 when the mortgage market in the US further goes bust from mid 2009 onwards - the Alt-As and Option adjustables are the next cabs off the rank to go bust yet
good luck
