Quiet Investments That Are Helping Nigerians Get Rich - Vivsco.com.ng

When Nigerians think of gold, they often picture billionaires stocking up on bars in basements or women wearing catsuits to show off their wedding jewelry. 

But for a growing number of Nigerian “middle earners”  those with real assets, thriving businesses or high-paying jobs – gold is a permanent tool they use to store wealth, beat inflation and plan for the future. This is more than just a showpiece. This is a question of long-term economics.

We spoke to five Nigerians who use gold for financial security, here’s how they use it to protect, preserve and even grow their wealth – and how you can do the same.

Gold is my way of protecting my business value in Naira” - Chike, 42, an importer in Aba

I am in the business of importing motorcycle parts from China, I have lost many times the Naira I have held. You win today, but tomorrow you lose because of devaluation. That is why I started converting part of my earnings into gold.

I don’t buy in bulk, just 1 or 2 grams after each successful shipment. I use a digital platform called Altinvest. It is safe, secure, and I don’t have to worry about hiding gold bars in my shop. I won’t be scared if the Naira depreciates too much or the tariff rate changes overnight. My gold has held its value, which gives me peace of mind.

You can learn that if your money is in Naira, gold can protect you from the unpredictable inflation and currency risks.

“I started buying gold so that I wouldn’t have to depend on my children when I got old.” - Bimpe, 59, a retired civil servant.

When I was 40, I realized that I didn’t want to retire or beg for money in front of my children. So whenever I had extra money, I started buying gold: 170,000 naira here, 300,000 naira there.

Now, almost 20 years later, I have a very large fortune. I used it to pay for two medical emergencies. My retirement fund may not be huge, but I have gold, which gives me a sense of security.

You can learn: patience is worth its weight in gold. A little time now can mean a lot later, especially when the unexpected happens.

"Every time I close a sale, I turn a part of it into gold" - Fola, 34, a real estate agent

A good house in Lagos is good as long as you don't spend any money on it. That's who I used to be. I've won a lot and given myself gifts. But since 2023, I've made it a rule: with every sale, I invest at least 10% in gold.

I use the Altinvest app so I don't have to worry. It's like putting money where I don't need it. When I see the value of gold now, I realize how much money I saved just by avoiding temptation.

What you can learn: Gold can be your partner, preventing your wealth from leaving the country in a haphazard manner.

I'm having a hard time with cryptocurrency. Gold gives me stability - Ebuka, a 28-year-old cryptocurrency trader

I made a lot of money during the 2021 bull market, and then lost almost half of it during the crash. This surprised me. I realized that I needed something tangible: an asset that was not dependent on the fluctuations of the internet.

Then I started converting my investment money into gold. I bought physical and digital gold immediately. It won’t rise overnight, but it won’t fall overnight either. It stabilizes my portfolio and reminds me to think long-term.

What you can learn: If you like risky assets, gold can be a stable support for your portfolio needs.

My jewelry is not just for beauty; it’s my nest egg. - Aminat, 36, businesswoman and mother

All the rings and necklaces I buy are 18 or 22 karat gold. I don’t wear jewelry. My mother taught me from a young age: if you’re going to spend money, buy something that has value.

I sold my jewelry to pay for school fees and used it to pay for housing. I’ve given some of it to my daughters now. This is money you can use, and trust me, it adds up.

Lesson learned: If you like jewelry, buy jewelry that will benefit you.

The bottom line is: stability is still gold.

In a country where everything changes overnight, these Nigerians are doing something that never gets old: using gold to stabilize the economy. Some buy gold, others invest in digital technology, but they all have one thing in common: they are looking for the long term.

Are you ready to win gold?

You don't have to be rich to start building wealth with gold. You just have to be willing. With AltInvest, anyone can enjoy gold backed assets starting from 1 gram. There is no middleman. No gold deposit. No pressure.

Altinvest allows you to expand your gold portfolio anytime, anywhere. With the King