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Babson Discusses Capital Flight and Gold Amid European Turmoil
Roger W Babson today examined terms the flight of capital and the rising price of gold as Europe faces financial distress. He argued European capitalists seek wealth protection while countries like Russia Germany and neighboring states show signs of collapse and economic strain. He noted heavy taxation and property seizure fears driving investors toward the American dollar as a safe currency.
MENTIONED IN THIS ARTICLE
Slesley Hills
Mass
Roger W Babson
Europe
Mr. Babson
Ussia
Germany
York
U.S