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The Price of Gold is once again Setting a Record High

The price of gold is once again setting a record high, with Washington's inability to reach agreement to curb debt and avoid a devastating declaration of insolvency of the state.

The price of gold has started the week in Asian markets nominal marking a new record surpassing $ 1,618 an ounce, while credit rating agencies warn of a possible cut in the rating "AAA" U.S..

The spot gold price has risen almost 14% so far this year.

All indications are that we will see an extension of the quantitative easing QE3, which translated into Spanish would delay the problem and the price of gold will continue to grow as international financial instability intensifying go.