Glenn Beck Fires Back Over Goldline Investigation

July 21, 2010 -- Conservative talk show host Glenn Beck Wednesday lashed out at ABC News and at critics of Goldline, the precious metals dealer that has come under increased scrutiny for aggressive sales tactics.

Beck called the recent ABC News report about Goldline "the biggest spin you've ever seen" and suggested it was part of a government conspiracy to deprive mainstream Americans of choices in how they invest their savings.

"They are going to nudge the gold industry out of business," Beck said during his syndicated radio program Wednesday morning. "They are going to regulate it and regulate it and regulate it, until you won't be able to buy gold anymore. This is what I'm telling you -- they can't have people buying gold. They need to own all the gold. They're going to nudge us. Mark my words."

"ABC has done this story on Goldline and me, and there's nothing new there," Beck said. "Absolutely nothing new there."

CLICK HERE TO HEAR BECK'S RESPONSE TO THE ABC NEWS REPORT

Beck's retort was coupled with new postings on a website he created to respond to critics of Goldline -- most notably, Rep. Anthony Weiner, a New York Democrat who took the lead in questioning the company's tactics.

CLICK HERE TO SEE BECK'S WEB SITE

Weiner has alleged that the company intentionally pushes customers into buying collectable gold coins, instead of gold bullion, despite the fact that the coins have a much higher mark-up. Several Goldline customers told ABC News that they were coaxed into buying the coins, only to find out that they were much more difficult to resell at a profit, even as gold prices have skyrocketed.