How the Bullion Score works

The Bullion Score is a single daily number, 0 to 100, describing how favorable the macro environment is for holders of physical gold and silver. It is computed deterministically from the twelve factors below — the same inputs always produce the same score. No model output is hidden, smoothed, or overridden by opinion.

The score describes conditions. It is not a prediction of price, and it never tells you what to buy or sell.

Honest cadence. Sources update at different speeds — daily rates, monthly central-bank data, quarterly mine supply. Every factor shows its own as-of date. Staleness is displayed, never disguised.

Deterministic scoring. Each factor is normalized against its own history, mapped to a 0–100 subscore, and contributes its weight. The arithmetic is simple on purpose: transparency beats complexity.

Environment, not advice. A high score means conditions have historically been supportive for precious metals. It is not a buy signal, and no content on this site is investment advice.

Published changes. If weights or methods change, the change and its reasoning are published here. The score you see is never silently redefined.