Short Gold ETF is an exchange traded fund whose purpose is to profit from gold prices that are negative. It is also referred to as inverse gold ETF or a gold bear ETF. Everyday, an adjustment of -100% is done to a short gold ETF to change the gold price. Prices may be based on a gold index’s price, gold futures and contracts, physical gold, or gold mining stocks. Investors purchase short gold ETF if he or she predicts a drop in gold prices.