The alternative is a rules-based system in which the Fed begins to use quantitative tightening and easing to steady the value of the dollar as represented by the price of gold.
Giustra, whose gold positions increase in value every time Fed Chairman Ben Bernanke institutes quantitative easing, does not think this option will be successful in pump priming the US economy.
We should be measuring the quantitative, transactional part of our business, but we should also recognize the unmeasurable value of the qualitative, relationship-based element.
The value of the dollar has declined markedly since Fed Chairman Ben Bernanke first hinted at a further plan of quantitative easing, in his now famous Jackson Hole Speech from late August 2010.