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the value of consol moves inversely to the interest rate.
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The British Government
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issued those consols in the early 1700s and,
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while they were refinanced in the late nineteenth century,
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they're still there. If you want to go out and buy one,
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you can get on your laptop right after this lecture
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and buy one of them.
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Then you've got something that will pay you something forever.
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But you're going to know that the value of that in the market
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moves opposite with interest rates.
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So, if interest rates go down, the value goes up,
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if interest rates go up, the value of your investment goes down.