Gold fell over 12% last week, dropping below $5,000 an ounce, while silver crashed.
Consequently, silver’s 36% drop marked its largest fall on record, shocking global markets.
Metals Plunge Globally
Meanwhile, top metal sellers actively sold off inventories, triggering a broader sell-off in precious metals.
Similarly, copper declined 3.4% after reaching a peak on Thursday.
Additionally, a “gamma squeeze” pushed gold prices down during Friday’s trading session.
Market Women Thrive
In Lagos, Nigeria’s market women remained steady, unaffected by global market turmoil.
They follow a disciplined “bullion strategy,” combining emergency liquidity, social capital, and wealth preservation.
Moreover, women accumulate gold gradually through jewellery schemes, family traditions, and regular small purchases.
This strategy mirrors dollar-cost averaging, as they buy consistently regardless of fluctuating prices.
Research shows older women prioritise patience, discipline, and diversification, which produces long-term investment success.
Gold As Security
Gold also functions as a secondary currency, helping them protect wealth in Nigeria’s volatile economy.
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For example, mothers gift gold to daughters as dowries or wedding presents, creating mobile wealth.
Consequently, young girls learn early to prioritise assets over consumables, gaining their first investment lessons.
Furthermore, wearing gold signals financial savvy, even when it appears as luxury.
Additionally, wealthier women invest in bars or coins for efficiency, while others rely on jewellery.
Physical gold offers a reliable store of value, unlike Ponzi schemes or depreciating naira.
Meanwhile, global markets fell as a stronger dollar and speculation about the Fed’s next chair influenced investors.
Moreover, option trades, end-of-month rebalancing, and market volatility amplified the metals sell-off.
Despite global turbulence, Nigerian market women actively implement time-tested strategies and continue to succeed.
