The gold-silver ratio is an expression of the price relationship between gold and silver. The ratio shows the number of ounces of silver it takes to equal the value of one ounce of gold. For example, if the price of gold is $1,000 an ounce and the price of silver is $20 an ounce, then the gold-silver ratio is 50:1. No, with the gold/silver ratio still at close to 70:1, and the normal, rational, PHYSICAL relationship of the two metals at around 15:1, it is impossible to argue that the price of gold is too low versus silver. The Gold-to-Silver Ratio. indicates how much silver it takes to buy gold. For example, if the prices of silver and gold are 18.15 USD and 1,493.44 USD respectively, then the ratio is 82.3. In other words, it requires 82.3 ounces of silver to buy 1 ounce of gold at these prices.