Hanging Underwear in Balcony is Not Allowed in Australia?

Not just underwear, anything thing such as cloth or any other laundry items are not allowed to hang in Balcony of your apartment. I received notice not long ago after I move in. :)

Why I say only underwear? Because I've been told before only underwear is not allowed. So it is not just underwear, you basically can't hang "anything" in balcony. You're supposed to use dryer to make your cloth dry!

I look into the the strata title law in detail and this is what it says:

"Unless an owner or occupier has the written permission of the owners corporation they must not hang washing, towelling, bedding, clothing or other articles on any part of the strata scheme (eg. on the balcony of your lot) so that it may be seen from outside the building. Clothing hung on the common property clothes lines must only be there for a reasonable time."

This should be applicable to all apartment in Australia. Yes, you're not allowed to do that unless you get the formal approval. The last sentence is confusing but I guess it only applies to apartment that have common property clothes lines but "reasonable time' is a funny statement. Maybe not more than 24 hours?

So one of the drawbacks of living in strata title property in Australia is you can't simply hung stuff in your balcony! :)


P/S: Weird thing is I still see most my neighbors are hanging their clothes in balcony. Is this rule not really enforced here?

Can Gold Price Peak Again After 2012?

If you look at the gold trend chart here, you can see that the gold price has reached it's peak in 2012.

The most interesting is, my previous funny theory based on 2012 prophecy about gold price will reach it's peak in 2012 had become a reality. What??? Yes, if you don't believe me, you can read this post - "Gold Price Going Up Because of 2012 Prophecy" that I wrote in 2010. It seems like is really true that everyone sells gold once they realized they're not dead in 2012!!!

This is the 40 years gold's price trend (based on USD/oz) but it doesn't matter, all currencies should have about the same trend.

You can see that there are 2 peaks here. First peak is in 1980 and another one is 2012. After the first peak in 1980, it took ~30 years to start climbing up in ~2003. So now, the second peak is in 2012, it will take how long to start climbing up again? Yes, you know the answer.

My opinion is gold will not reach another peak anytime soon based on this historical data. Of course with one exception, another prophecy comes out. Perhaps 2024 doomsday prophecy? Then, this gold price will start climbing up again....

So investing in Gold is no longer can be considered as a long term investment. You can still invest in Gold but it is not for long term anymore. This means you need to watch closely to sell and buy at the right time. My suggestion is to use technical analysis to analyze the gold trend. The basic one is support and resistance and you can read more about it here - "How to Use Support & Resistance?" that I wrote sometime ago.

Let's look at the latest gold trend in 1 year below:

You can see the support is line at USD 1200 - converted to MYR per gram is RM 125 (you can refer to my gold trend chart so you don't need to do your own conversion). This basically means you should start buying gold when it reach the support line. If it breaks the support line (means goes below the support line), let's say more than 20% or 10% (up to you to define), then you sell it because this support line will become a resistance line.

This is just a very quick technical analysis of my own. You will need to do more analysis and also look at the different timeline to make the best decision.


Summary

So, can gold price peak again after 2012? I think is very unlikely in a very long time. Perhaps another 20 years or 30 years? The previous perception on gold is for long term investment is no longer true. You can't simply just invest and let it auto run.

You may just need to watch out if you still think gold has its very high potential to go beyond 2012's peak which maybe possible too. Who knows? Let me know your thoughts.