The photograph shows a gold ingot and a gold bar. It is Gold ingot and bar of Banque de France by Ibex73, CC BY 4.0, via Wikimedia Commons.
The gold silver ratio is a division you do only after you have copied two quotes from a page you opened. This article does not print a price, a historical level, or a buy signal. This is not financial advice.
Pages to open
Open the LBMA precious metal prices page and read what it says it publishes: LBMA precious metal prices. Copy the names of the prices on that page. If this article and that page disagree, the page controls.
Open a live quote page and read the labels yourself: Kitco precious metals. Write the time stamp the page shows. A quote without a time is not a quote.
Your notes on the gold silver ratio are finished when both pages have a line, and any division you did is written next to the two numbers you copied, not next to a number from memory.
How to write the division
Copy the gold figure the page labels as the price you mean. Copy the silver figure the same page labels. Write the unit beside each one. If the units differ, do not divide until you have read how that page says to match them.
Divide only those two copied figures. Write the result next to them. Write the page address and the time. If you cannot show the two figures, you do not have a ratio. You have a rumor.
Do not round the result into a slogan. Do not compare it with a level this article does not print, because it prints none.
What the ratio is not
It is not a forecast. A relationship between two quotes does not say which metal will rise.
It is not a statement that either metal is cheap in money terms. Both can move and the relationship can stay put. This article does not describe those moves.
It is not a tax note, a storage note, or a dealer promise. Those live on the dealer page and, if you need them, with a qualified person you choose. This is not financial advice.
A sheet
- Date and time you opened the quote page.
- The gold label and the figure under it.
- The silver label and the figure under it.
- The division, written out, with the units.
- A blank if either figure was missing. Do not fill a blank from yesterday.
Keep yesterday’s sheet. Do not overwrite it. A later comparison is two sheets side by side, not a memory of which one was higher.
Questions for a dealer page
If you are looking at metal you might buy, open the dealer’s own page. Copy what they say the quote is, and copy any line they print about a premium, a spread, shipping, or a fee. If they do not print it, write not printed.
Do not treat a ratio from a news page as the price on a dealer’s invoice. The invoice is its own page.
If two dealer pages disagree, write both. Do not average them and call the average the market.
What not to copy from old articles
Do not copy a year, a law, or a past extreme into your sheet unless you opened the page that prints it and you paste that sentence with the link. This article does not supply those sentences.
Do not copy a commentator’s normal level. A normal level is their sentence, not a rule, unless the page you opened says it is a rule.
Do not describe a swap of one metal for the other as a result you already earned. Costs sit on the dealer page. Read them before you write a plan.
A sequence
- Open the LBMA page and write what it says it publishes.
- Open the live quote page and copy the time.
- Copy the gold figure and the silver figure with units.
- Divide only those two figures and write the result beside them.
- If a dealer page is involved, copy its fee lines.
- File the sheet. Do not post the figures without the time and the page.
That sequence is the gold silver ratio as a note. It is not a trade.
Questions readers ask
What is a good ratio?
This article does not say. If a page you opened prints a range, copy that sentence and keep the link. Do not promote it into a rule.
Should I buy the metal that looks cheap on the ratio?
The ratio does not say buy. It says how the two copied figures sat at that time. A purchase is a separate page, with its own costs. This is not financial advice.
Which quote page is official?
Use the page whose label matches the thing you mean. Write the name. If you do not know which label you mean, do not divide yet.
Can I use yesterday’s close?
Only if you label it as yesterday’s close from the page that printed it. Do not mix it with today’s screen and call it one ratio.
Before you act
Read who publishes the page. Write their name. Read whether the figure is a bid, an ask, a fix, or a screen price, using the page’s own word. If you cannot find the word, write unclear.
Read whether the page is delayed. A delayed figure is still a figure if you write delayed next to it. It is not a live invoice.
The gold silver ratio on your sheet is only as current as the time you wrote. When the time changes, the sheet is history. Start a new line. Do not edit the old one.
If you share the sheet, share the links. A bare result with no page is how a number starts an argument. The argument is not the record.
Put the sheet where you keep other market notes, not in a chat thread. A chat will not show you the units next month.