Is Gold a good investment?

A knowledgeable person in the Gold trade told me that the price of gold is "not high" compared to Oil. There is potential for Gold to appreciate. I do not know if this is correct.

Anyway, I asked Dr Money for his views. He wrote an article about it previously. He sent an updated article to me, which now applies in his blog.

I shall be monitoring this asset class for the next few months. According to Dr Money, the best way to invest in gold is through an exchange traded fund (ETF). Another alternative is paper gold.