How to Invest in Gold Indices with nsave (for People from Nigeria)
Introduction
This article explains how to invest in gold indices quickly and simply with the nsave app so you can protect your savings from inflation, diversify beyond stocks, and still cash out to your local NGN account when you need to.
By the end of this guide, you’ll know step by step how to add gold exposure to your portfolio safely and easily as someone from Nigeria living or working abroad.
What is a Gold Index (in simple terms)
A gold index is a digital way to track the price of gold, like a live scoreboard for gold’s value. Instead of buying and storing physical gold, you invest in a financial product (an index fund or ETF) that moves with gold’s price.
✅ When gold prices go up, your gold index investment goes up.
✅ When gold prices fall, it can go down too.
✅ You don’t need to worry about purity, storage, or resale.
It’s gold exposure without the hassle, simple, secure, and accessible directly through your nsave app.
Why it matters
If you’re from Nigeria and earn in USD or other foreign currencies as a freelancer, remote worker, or business owner, you’ve probably seen how inflation and currency changes can reduce your savings’ value over time.
Gold has been a reliable store of value for centuries, but buying physical gold can be inconvenient or expensive. That’s why gold indices make sense. They let you invest digitally in the global gold market, safely and efficiently.
You can diversify your savings, protect against inflation, and even cash out back to NGN when you need funds for family or expenses at home.
Step by Step Guide
1. Get started (download, sign up and verify in one go)
Download nsave from the App Store or Google Play. Create your account with your email or phone number and verify your identity using your passport or CNIC. Once verified, you’ll unlock investment features in just a few minutes.
2. Add funds (USD)
Deposit money into your nsave account using the available methods. You can hold your funds in USD to invest globally and then convert back to NGN when you withdraw.
3. Find “Gold Indices” in the Invest tab (with examples)
Open the Invest tab and search for Gold or Gold Index.
You’ll see product cards showing goals, fees, charts, and risk levels.
Examples of popular US gold indices and ETFs available globally include:
- SPDR Gold Shares (GLD) which tracks the real time price of physical gold
- iShares Gold Trust (IAU) which offers exposure to gold at a lower investment size
- abrdn Physical Gold Shares (SGOL) which provides physically backed gold stored in secure vaults
- S&P GSCI Gold Index which reflects global gold price performance
4. Buy fractional units (start from $1)
Enter the amount you want to invest, starting from just $1, and confirm your order. You’ll instantly gain exposure to gold prices without buying physical gold.
5. Track, rebalance and cash out to NGN
Monitor your gold’s performance directly in your nsave dashboard. You can rebalance anytime, move between gold, stocks, or bonds, and send your funds home to NGN for only $1 to Easypaisa, JazzCash, or any bank account in Nigeria.
Frequently Asked Questions (FAQ)
1. What exactly is a gold index
A gold index, often through an ETF or index fund, tracks the global price of gold. Your returns move in line with gold’s value without owning physical gold.
2. Why add gold to my portfolio if I’m from Nigeria
Gold helps protect your savings from inflation and currency risk. It also adds diversification, since it often moves differently from stocks or bonds.
3. How much should I invest in gold
A common guideline is 5–15% of your portfolio, depending on your goals and risk level.
4. Is this physical gold
No. You get digital exposure to gold prices via a regulated index or ETF, no need for vaults or making charges.
5. What are the fees
nsave shows all fees in-app before you invest. Sending money to NGN costs only $1 per transfer. Product-level fund fees (if any) are clearly displayed.
6. Can I start small
Yes. With nsave, you can start investing in gold indices from just $1, ideal for consistent, gradual investing.
7. Can I sell anytime
Yes, you can sell anytime during market hours. Proceeds appear in your nsave balance, ready to send home to NGN.
8. Is this Shariah compliant
Some gold products are structured to meet Shariah guidelines. Check the product details or prospectus in the app for certification.
9. Is there currency risk for people from Nigeria
If you hold in USD, your returns reflect both gold price movements and USD/NGN exchange rates, offering an added layer of diversification.
10. Are there taxes
Tax rules vary by your country of residence. nsave provides statements to assist with reporting, but it’s best to consult a local tax adviser.
Final Thoughts
Investing in gold indices through nsave gives people from Nigeria a simple, modern, and low cost way to diversify, hedge inflation, and protect long term savings. You can start from $1, track performance transparently, and send your funds home to NGN for only $1 whenever needed.
Download the nsave app today & get started,
