UPDATE October 5, 2011 16:30
In an apparent attempt to bury the complete idiocy of this report, the original broadcasting station CTV has filed a copyright claim against the content. All instances of the following report are now being systematically removed from the internet. We apologize for the inconvenience, but the matter is completely out of our hands. The transcript below reflects the words of the reporter in the original report. Mike Adams of natural news has posted a copy of the video under Title 17 U.S.C, Section 107. (Starts at approximately 13:50)

We have no words to express the sheer lunacy of the following report:

There’s something else happening here. Some investors are not confident with what gold is backed by, or if it’s backed by anything at all, as compared to something like the US dollar. Investors are comfortable that the U.S. dollar is backed by the America government, so no matter what is happening to the American economy, something like the U.S. dollar is backed by the Federal Reserve that’s going to be around a year from now. That’s a much more comfortable investment for them.

Here is the Natural News Clip, with fair use notice included and Mike Adams reporting. The original CTV clip begin at 13:50.

Hat tip BJ