We have to thank Andrei Lazanu of School No. 205, Bucharest, Romania for this solution.

Given a general Fibonacci sequence Xn, that is a sequence satisfying the Fibonnaci relation: Xn+2 = Xn+1+ Xn, I have to prove the following (where f is the golden ratio):
1. If the sequence is geometric, then the ratio of the first two terms is given by X1:X0 = f or X0:X1=-f
2. If the ratio of the first two terms is X1:X0 = f or X0:X1=-f then the sequence is geometric.

1. If a sequence is geometric, then its terms are of the form:
X0X1=rX0X2=r2X0, ... Xn=rnX0.

Now, I have to find r, if the sequence is Fibonacci-type. Using the definition of a geometric sequence, I obtain:
rn+2 X0
= rn+1 X0 + rn X0
rn+2
= rn+1 + rn
.
I see that r must be different from 0, so I could divide both sides by r which leads to the quadratic equation:
r2
= r + 1
r2 - r - 1
= 0
r1,2
= 1±Ö5
2
.
So
X1
X0
= 1+Ö5
2
 or  1-Ö5
2
= f or  -1
f
.
which completes the proof of (1).

2. If the ratio of the first two terms is given by
X1= 1+Ö5
2
X0
then, using the recursive formula for the sequence, I obtain:
X2=X0+X1=X0 + 1+Ö5
2
X0 = 3+Ö5
2
.
I observe that:
3+Ö5
2
= 6+ 2Ö5
4
= 5+1+2Ö5
4
=( 1+Ö5
2
)2.
So this gives X2=f2 X0=f X1. and I have shown 1+f = f2.

I calculate X3: X3 = X2 + X1 = f2 X0 + fX0 = f(f+1)X0=f3 X0.

But this is not enough, I have to utilise induction to show the sequence is geometric, that is Xn=fnX0 for all n. In the general case, I have, using the recurrence formula for the Fibonacci sequence:
Xn+2
= Xn+1 + Xn
= fn+1X0 + fnX0
= fn(f+1)X0
= fn+2X0
.
So by the axiom of induction, as I have shown Xn=fnX0 is true for n=1 and 2, it is true for all n and so the sequence is geometric.

A similar proof works when X0=-fX1.