When you purchase a short ETF gold fund, it’s the fund’s responsibility to manage how they will make the value of their company go up when the price of gold is going down.  They will generally do this with a mix of shorting gold as explained earlier, buying and selling contracts on gold and shorting companies related to the gold industry or buying companies that will do well when the price of gold is on the decline.  All you need to know is your conviction that the price of gold will go down, the fund will do all the technical work to make their returns match your desire.  If you’re wrong you can only lose your investment, not more.

One short gold ETF is GLL (Ultrashort Gold Proshares), and if you want even more action you can use a leveraged gold short fund like DZZ (PowerShares DB Gold Double Short ETN.)  Whenever shorting I recommend using a stop loss because the long term trend on gold prices (as almost all precious metals) is up.  You don’t want to fight the long term trend by holding a short fund long term, but you can certainly make a profit on a shorter time frame.

In order to understand the reason why there is this seemingly paradoxical difference you need to think about the loans in terms of profit and risk for the banks.

Profit:

First, a bank is in business to make a profit for it’s owners and shareholders. Simply put, making a small 1000 loan just doesn’t make the bank much money at all, especially when you consider the costs for loan maintenance, initiation, and customer service going forward on the loan. In essence, to cover those expenses a bank would have to charge quite a lot in fees and interest rates to make the loan profitable. However, with 50000 loans there is enough in principle for the bank to cover the maintenance, initiation, and servicing expenses and still make a profit without having to charge tons of fees and high interest rates.

Risks:

While this may sound somewhat counter-intuitive, a loan for 50000 dollars can actually end up being less of a risk to a bank. First of all, these types of loans are generally for business uses, or for purchasing other assets that have value in case of default on the loan. However, with 1000 loans, they are usually for paying bills or for small purchases like a couch or computer that are very hard to extract value from after a default. In addition, many times people who do need to borrow smaller amounts of money are those who don’t have many assets in the first place, making them higher risks again in case of default. As such, the bigger loan can end up being the more safe loan for the bank, and thus will carry a lower cost of interest and higher likelihood of being made.

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What could be easier than taking a few minutes to fill out a form online?  You could have money deposited into your account that same day.  If your application is received in time you could have money in your account before the day is over.

Do You Qualify For a Payday Loan?

First let us tell you what you don’t need; a good credit score.  We understand that not everyone has perfect credit.  Your past shouldn’t haunt you forever or hold you back from the important things.  If you need money before payday we won’t let your credit score hold you back.  Working with us can help improve your credit score, as long as you keep making your payments on time.

To be approved you must:

-         Be at least 18 years old

-         Currently employed receiving regular pay

-         Valid bank account

-         Be a United Kingdom resident

It’s as easy as that.  We want you to be able to get the money you need before your next payday.

How Do You Get Started?

First, apply online.  Our online application only takes about 5 minutes.  Everything is done online.  This means after you have filled out your application there isn’t anything to print off, fax or post.  We want you to get your money fast.  If you are approved before 14:30 during a weekday then we can get your fast payday loan to you that day!  Don’t worry if you apply later in the day.  We will process your payment the next day.

When you need a fast payday loan you know where to go.  When you meet the requirements we can get you your money quick.  When you need fast cash now the money you need is just a few clicks away!