Trading the gold to silver ratio involves taking advantage of the price relationship between gold and silver. The basic idea is to buy silver when the gold to silver ratio is high and trade the silver for gold when the ratio is low. This strategy is based on the belief that the ratio will revert to its historical mean over time.

A another way of looking at this strategy involves taking a long position in silver with the ratio is high. When the ratio drops below a certain level, you trade that position for gold. Some bullion investors will then restart their accumulation of silver to follow the next cycle.

This strategy is based on the belief that the gold to silver ratio will revert to its historical mean over time. However, there is no guarantee that this will happen, and involves the same risks as other investments, including the risk of loss.