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Time Travel - How to Bring Money from the Past?

D. Fritz ๐Ÿšซ

I recently posted a story (The Student Teacher) that has a time travel element. While not a part of the primary plot line, I started to think about how a person that goes to the past could make money for present day?

Consider these parameters:

* The trip to the past is 40 to 50 years
* There is not a large pot of cash to start with
* The time traveler only has one week, 168 hours, to take actions for making money
* There is no way to physically bring anything back on the return to the present

Something as obvious as a bank deposit has gotchas. A $500 deposit in a 2% savings account will only result in ~$1,350 fifty years later. There is also the concern that the bank will be in business 50 years later, and if so, if the account is open after decades of inactivity.

Money could be hidden, but that assumes no one will find it, and that the person lives in the same place (or near enough) to retrieve it. Plus, it will only be the amount that was hidden.

Like I said, not part of a story, but was curious what kind of ideas may come up in a group-think exercise?

-DF

Keet ๐Ÿšซ

@D. Fritz

Buy stock certificates and put them in a safe deposit box with a bank you know is still around when you get back. The right stocks can be huge money makers.
Depending on how much you can invest there are collectibles that rise tremendously in value over 50 years. Often things that cost very little 50 years back, maybe some sport or anime cards.

Switch Blayde ๐Ÿšซ
Updated:

@Keet

Buy stock certificates and put them in a safe deposit box with a bank you know is still around when you get back.

That was my first thought.

Remember the movie "Frequency"? His advice to his friend from the past was to remember one word โ€” Yahoo.

It was also in the movie "Blast from the Past." He was in a bomb shelter for 30 years but the stock certificates he had were worth tens of millions.

Replies:   StarFleet Carl
StarFleet Carl ๐Ÿšซ

@Switch Blayde

Remember the movie "Frequency"? His advice to his friend from the past was to remember one word โ€” Yahoo.

There's recently been a social media thing asking if you could tell your younger self from 40 years ago four words, what would they be?

Microsoft Google Bitcoin and Intel were my four word choices. Although probably Walmart should be in that list, too.

I still remember sitting at home a dozen years and seeing the stories online about this kid that bought a pizza with Bitcoin, and how cheap it was. I thought it was just a stupid thing, but at the time, I actually thought about putting a hundred bucks into it just for the hell of it.

That would've only been worth $60 million last summer.

Now, as to the OP's question, if you know WHEN you're going to back to, then it's simple as memorizing some sports games that are going to happen within a day of when you arrive, then placing the bet. That'll greatly increase your pot of cash.

The other thing would be to know WHERE someone found some buried treasure or otherwise some hidden cash that made the news, and then go grab that.

But yeah, stock certificates in a prepaid lock box would work. And just do your research before you go back on a bank that's still in business in the same location.

Replies:   Switch Blayde
Switch Blayde ๐Ÿšซ

@StarFleet Carl

Microsoft Google Bitcoin and Intel were my four word choices.

Amazon

awnlee jawking ๐Ÿšซ

@Keet

Often things that cost very little 50 years back, maybe some sport or anime cards.

If you have a secure location, buy cult movie tie-in merchandise in its original packaging eg Star Wars, Star Trek etc. Probably easier to dispose of than share certificates and less to arouse the suspicions of the authorities.

AJ

sunseeker ๐Ÿšซ

@D. Fritz

yeah i immediately thought stocks too...just think, back in March 1980 Berkshire Hathaway shares,BRK-A, were under $300 per share,,,now they are over $460,000 per share,,,

my fantasy doover (in progress) has the young mc buying shares, :)

Replies:   Grey Wolf
Grey Wolf ๐Ÿšซ

@sunseeker

I've noted Berkshire Hathaway as well (not actually sure if the chapter has posted, but if not, it will soon, and it's a tiny spoiler), though my MC(s) are waiting for a bit longer to actually buy any.

palamedes ๐Ÿšซ

@D. Fritz

I don't remember the story off the top of my head but the time traveler was going back in time and finding and buying cars that he knew that became rare and had high value. The time traveler would then find a place to store the car in the past where he could then recover and "restore" the vehicle in his present time period and then sell for large amounts of cash.

shinerdrinker ๐Ÿšซ

@D. Fritz

No more love for riding the roller coaster with the Hunt Brothers and cornering the silver market?

Well, that's probably a good thing.

maracorby ๐Ÿšซ

@D. Fritz

For a slightly more roundabout and sinister approach, how about copyrights? Go back in time, type up the lyrics to Stairway to Heaven, the script to Titanic, or a rough draft of Harry Potter (on period paper with a period typewriter), get it notarized, and then leave it in a safe deposit box. Of course, once you actually make the claim, you'll have to wait another 10 years for it to go through the courts.

I suppose you could do the same thing with patents, with the right technical and legal know-how. Prozac? Viagra? GPS?

Or there's always blackmail: find someone before they're famous and get the on tape saying something problematic for their future.

Replies:   palamedes  Dicrostonyx
palamedes ๐Ÿšซ

@maracorby

Reading your comment made me remember the movie Star Trek IV: The Voyage Home (1986) when Montgomery Scott gave out the formula to helps Dr. Nichols "invent" transparent aluminium and when Bones mentions that giving out the formula might change history Scotty comes back with "why, how do we know he didn't invent the thing"

Short clip of the scene :

https://www.youtube.com/watch?v=UktyaFt477A

Fun Fact :

The movie was from 1986 and transparent aluminium was invented real life 23 years later in 2009. In part, it was developed by Professor Justin Wark of Oxford University's Department of Physics.

Replies:   Remus2  Switch Blayde
Remus2 ๐Ÿšซ
Updated:

@palamedes

Fun Fact :

The movie was from 1986 and transparent aluminium was invented real life 23 years later in 2009. In part, it was developed by Professor Justin Wark of Oxford University's Department of Physics

.

https://patents.google.com/patent/US4241000

I suggest you look at your source a bit closer.

Aluminium oxynitride (transparent aluminium) Patent, was first applied for in 1978 in secret. It was 2009 before it was declassified.

To this date, the patent is still assigned to the US Army.

That movie stirred a lot of shit, and a witch hunt for whomever leaked it.

Edited to add: After looking through that link, I see where prior was noticed as early as 1967.
Either way, your source is seriously mistaken.

Replies:   palamedes
palamedes ๐Ÿšซ

@Remus2

Bob Dorian was the Host on AMC ("American Movie Classics" a TV station) and he would give out trivia and insight about the movies being aired when going to commercial breaks.

Switch Blayde ๐Ÿšซ

@palamedes

made me remember the movie Star Trek IV: The Voyage Home

And in that movie they needed cash so Kirk sold a pair of antique eyeglasses Bones had given him (why he had them with him they didn't say).

And Spock asked Kirk, "Weren't they a gift from the doctor?" Kirk replied, "That's the beauty of it. He'll be able to give them to me again."

Replies:   Dominions Son
Dominions Son ๐Ÿšซ

@Switch Blayde

why he had them with him they didn't say

1. He had them in the previous movie when they stole the enterprise to go rescue Spock from Genesis in The Search For Spock.
2. He needed them for reading. IIRC: he pulled them out and put them on a couple of times to read control panels on the Enterprise bridge.

Dicrostonyx ๐Ÿšซ

@maracorby

Most patents only last a few years. You're basically controlling the method of manufacture, not the item itself.

This is why Lego constantly puts out new sets. The basic Lego pieces have been out of their control for decades and there are lots of knock-offs. When Lego brand creates a new piece design they control that brick for about 7 years, so they put out as many sets as they can using that piece.

Famously, Arthur C. Clarke proposed a design for a geostationary communications satellite in 1945 but his patent request was turned down for the simple reason that the technology to do it didn't exist yet. You can't patent an idea.

So to your suggestions, unless your past self already had a large manufacturing operation and the technical know-how to exploit a future patent, all an early patent would do is prevent the original creator from capitalizing on the invention.

helmut_meukel ๐Ÿšซ

@Dicrostonyx

Famously, Arthur C. Clarke proposed a design for a geostationary communications satellite in 1945 but his patent request was turned down for the simple reason that the technology to do it didn't exist yet. You can't patent an idea.

True, but publishing the idea will prevent a patent when the technology is finally available. It doesn't help to argue the idea originally proposed was flawed and wouldn't have worked.
Exactly this happened to a Danish maritime salvage company, who tried to patent their method to lift sunken ships to the surface. They used polystyrene bubbles to fill the ship. However in a old Disney story Donald Duck's three nephews used ping-pong balls to lift a sunken boat. Result: idea already published, no patent!

HM.

Dominions Son ๐Ÿšซ

@Dicrostonyx

You can't patent an idea.

That used to be the case, before Congress created the Federal Circuit and gave them exclusive appellate jurisdiction over patent cases.

The Federal Circuit believes that maximizing patentability is it's mission.

They have allowed business method patents wholly disconnected from any kind of physical device. What is a business method other than an idea?

A similar argument could be made about software patents.

Worse, patents are supposed to be novel, but the Federal Circuit has allowed patents that are in the line of some process that has existed for hundreds or thousands of years on a general purpose computer (or on the internet).

Remus2 ๐Ÿšซ

@D. Fritz

* There is not a large pot of cash to start with
* The time traveler only has one week, 168 hours, to take actions for making money

So the traveler goes back forty years without a starting stake, and only has 168 hours, to get one. Then they will return to the present.

Getting the stake is the real problem here. Making that stake grow would be fairly simple with future knowledge.

Researching the various treasures discovered after the past date of arrival would solve the stake problem. But that assumes the ability to freely move about the world and country.

Forty years ago, the cold war was still active. An unknown person traveling would have issues. Even within the country they originated from.
The past will be changed if the traveller takes even one unit of currency not theirs. That unit of currency would have went to someone from that time.

From your stories standpoint, it's possible that an inherantance the MC would have gotten anyway was recovered by the same and used to pay for efforts in the past.

Replies:   Dominions Son
Dominions Son ๐Ÿšซ

@Remus2

The past will be changed if the traveller takes even one unit of currency not theirs. That unit of currency would have went to someone from that time.

1. Invent time machine
2. Find a gold/jewelry heist from 50 years ago that is still unsolved in your time.
3. Go back in time and commit the heist.

History remains unchanged (how do you know you weren't always the one to steal it?).

Replies:   Remus2  maracorby
Remus2 ๐Ÿšซ

@Dominions Son

1. Invent time machine
2. Find a gold/jewelry heist from 50 years ago that is still unsolved in your time.
3. Go back in time and commit the heist.

History remains unchanged (how do you know you weren't always the one to steal it?).

There is no need for all that.
There has been multiple reports of various old treasures found in the past forty years. The MC only needs to get to one of them first.

Replies:   Dominions Son
Dominions Son ๐Ÿšซ

@Remus2

There has been multiple reports of various old treasures found in the past forty years. The MC only needs to get to one of them first.

The object was to do it without changing history.

Who found the various old treasures is generally known along with when they were found.

If someone else finds it first at an earlier date, that changes history.

Replies:   Remus2
Remus2 ๐Ÿšซ

@Dominions Son

Some of those treasures reached into the tens of millions of dollars in worth. Taking a million worth off the top would change nothing.

maracorby ๐Ÿšซ

@Dominions Son

History remains unchanged (how do you know you weren't always the one to steal it?).

I briefly mention this in one of my stories, Borrowed Time.

It had been a thrilling accomplishment, but ultimately, the nature of time travel hadn't really lent itself to any sort of fun. Baby Hitlers turned out to be remarkably well protected by causality, and even if the doctor inserted himself into any of the great mysteries or heists of the past, proving it would require a degree of tackiness that was against his nature.

happytechguy15 ๐Ÿšซ

@D. Fritz

I cant find the news item. A few years ago, a family found that their patriarch had stuffed an old warehouse full of prewar cars. Whole many cars from 1920's, were being hauled to smelters for steel for the war effort, this guy was buying them cheap, stacking them nose up, and filled a warehouse. I did not get to hear how it turned out or how much it was worth.

Would it work for riches in a going back in time story? Maybe not...1940's to 2010's. He'd spend most of his life without ready cash.

shinerdrinker ๐Ÿšซ

@D. Fritz

* The time traveler only has one week, 168 hours, to take actions for making money

It's almost like you would want to bring to the past a way to introduce a change to your former body and a little bit of information to help your younger self with the journey they are about to take. Like giving them... I dunno... nanites that change the person's mind and body into ways to have an extreme advantage or everybody else of the time. It's like you'd set yourself up to become a big sports star to fix your future.

Would be nice if someone wrote a story like that. I wouldn't mind reading it.

--Shinerdrinker

LupusDei ๐Ÿšซ

@D. Fritz

Not yet 30 years, but if you get hands on some bitcoin in early days (like that mentioned pizza sale, or similar) a hardware valet (in a form of usb stick most likely) can be hidden away and retrieved later, after returning.

D. Fritz ๐Ÿšซ

@D. Fritz

To all: Thanks! Some great ideas here.

To me, it seems like the greatest challenge would be finding a way to ensure any "stuff" collected in the past would be available in the present day, especially if one is not in the same region (e.g., went to school on the east coast, but now lives on the west coast). If the booty is sufficient, a trip to the east would be worthwhile, but it would also mean not being familiar with the changes over time and harder to find a secure location.

One thing I realized is that not only with a bank would you need to ensure that it was still opened, but with the parameters I set, a key could not be brought forward to open a safe deposit box, which then puts us back to the earlier dilemma - finding a safe place to hide something for decades.

Thanks again for all the posts. It's a fun exercise.

-DF

Replies:   Keet  Switch Blayde
Keet ๐Ÿšซ

@D. Fritz

finding a safe place to hide something for decades.

That's actually the key point. There are plenty of ways to increase value over time, several are suggested. An option might be a bank deposit box with numbers/passwords, not keys. I don't know if they were available at the time. If that's not an option than burying either keys or the loot somewhere is left. It shouldn't be too difficult to find a place that is undisturbed over the period, the difficult part is to pin-point the same place between the two times. Either unobtrusive markers or plain memory should solve that.
What is just suggested once I think, is you also have to be able to explain where your result value is coming from. That might limit the types of gaining value that are mentioned. Bitcoin seems usable but not if you want to have access to all of it in normal currency. You can't just sell a billion worth of bitcoins for dollars.

Switch Blayde ๐Ÿšซ

@D. Fritz

with a bank would you need to ensure that it was still opened

Well, if you're going back in time, you know what banks are around before you go back. When you return to the present, it's where you started from so the bank is there.

But keep in mind banks have rules (maybe they're state rules) about accounts that are not active for long periods of time. If you put the money in the account 50 years ago, when you come back to the present the account would have been inactive for 50 years so the account was probably closed and the money went somewhere. It's probably true for safe deposit boxes too. States have auctions for unclaimed stuff when they can't find the owner.

Replies:   Keet
Keet ๐Ÿšซ

@Switch Blayde

It's probably true for safe deposit boxes too.

Prepay for 50 years? If that's possible they can't close it before payment runs out.

Ernest Bywater ๐Ÿšซ

@D. Fritz

Some simple options that shouldn't require any disruption to the events between the time periods are to go back in time and buy some stamps or coins in top condition then put them away safely to sit hidden away until they're worth a fortune. This would be easy if you pick ones that are rare today. Another would be to find a list of 'lost' artworks then go back to buy them and hide them away to find later then sell.

happytechguy15 ๐Ÿšซ

@D. Fritz

Banks. Wife and I married in 1980. There were small banks and big. Indiana changed the law so that banks outside of indiana gobbled up indiana banks. The two un-related banks we have accounts at, have been bought out multiple times and are still un-related. If I got sent back in time today, I would have a Dickens of a time trying to remember which bank bought out who and ended up where.

Justin Case ๐Ÿšซ

@D. Fritz

Hide it. Bury it. Etcโ€ฆ.
Maybe under the corner of your childhood home foundation beneath grandmas gladiolas ???

Dicrostonyx ๐Ÿšซ

@D. Fritz

S. M. Stirling's novel Conquistador (2003) had some interesting ideas for this sort of thing. Now, that wasn't actually time travel but an alternate reality where Europe never discovered the Americas so the land was untouched, but the same theories could apply.

Been a long time since I read it, but the big one I remember is that the people who took over the alternate reality looked up maps of mines from the gold rush days and set up industry in those areas. They used the ore both to expand operations locally and smuggle gold back to Earth. For your purposes you could buy up land that was rural or undeveloped 50 years ago and is important now.

Another thing they did, and the event which led the OP to discovering the operation, was smuggle endangered animals from the alt into our world to boost up the number of individuals in breeding programs. This wouldn't be an obvious path to money, but a "rich private breeder" would be a good way to have influence in certain circles.

Replies:   helmut_meukel
helmut_meukel ๐Ÿšซ

@Dicrostonyx

For your purposes you could buy up land that was rural or undeveloped 50 years ago and is important now.

But don't do this with gold fields. Sutter's claim of ownership was ignored.

HM.

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