Summary: Capital One does not provide investors with a way to buy gold directly, so you have to rely on the services of a third-party brokerage platform. The best way to buy gold with Capital One is through a regulated online exchange such as eToro.
Best Precious Metals Broker for Intermediate Traders and Investors
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Invest in Gold, Silver and 3,000+ other assets including stocks and cryptocurrencies.
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0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
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Copy top-performing traders in real time, automatically.
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eToro USA is registered with FINRA for securities trading.
Can you buy gold with Capital One?
Yes, investors can buy gold with Capital One via online brokerages that support the commodity. You can do this in two ways: by connecting your Capital One bank account to the exchange platform or using a credit card issued by Capital One. Both methods provide your broker with funds for the transaction. Note that, credit Cards and PayPal are not available for deposits for users under the FCA regulation.
Instead of buying actual gold, eToro, and other similar platforms provide investing in gold contracts for differences (CFDs). These financial instruments allow speculating on shifts in gold price without requiring the investor to hold and store the gold. CFDs’ value is tied directly to gold, and besides the standard long and short positions, they are traded on margin, which allows the use of leverage.
Note
How to buy gold with Capital One?
The best way to buy gold with Capital One is to use a regulated multi-asset investing platform like eToro. An investment service with more than 30 million traders engaged in staking, hodling, and market analysis, eToro reduces the complex trading process to a click or a tap on your desktop or mobile device.
Its wide assortment of investment instruments numbers more than 3,000 different assets, gold included, so any type of investor profile should be able to find its niche.
Let’s delve into the details of buying gold with Capital One with the help of a platform like eToro.
How to buy gold with Capital One: Step-by-step
Option 1: You can invest in gold in minutes by using your Capital One bank account with these six steps:
- Step 1: Create an account on eToro and complete the verification process (personal or company);
- Step 2: Specify the amount of money to deposit in your account;
- Step 3: Link your Capital One bank account with the newly created eToro account;
- Step 4: Select gold from the list of commodities and type in the desired number of units;
- Step 5: Review the stop loss, leverage, and take profit settings;
- Step 6: Execute the trade.
Option 2: The second method is to use a credit card issued by Capital One to buy gold. Most asset exchanges support credit cards due to their safety and ease of use. The process is similar to the one above:
- Step 1: Create an account on eToro and verify it;
- Step 2: Type in the amount of cash to deposit;
- Step 3: Connect your Capital One-issued credit card to eToro;
- Step 4: The remaining process is the same as with a Capital One bank account.
Disclaimer: 51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. This content is not intended for US users. eToro USA LLC does not offer CFDs, only real Crypto assets, Stocks and ETFs are available.
Best Precious Metals Broker for Intermediate Traders and Investors
-
Invest in Gold, Silver and 3,000+ other assets including stocks and cryptocurrencies.
-
0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
-
Copy top-performing traders in real time, automatically.
-
eToro USA is registered with FINRA for securities trading.
Gold price today
Best ways to invest in gold
Buying gold in physical form has its downsides and impracticalities. First and foremost, there’s the matter of keeping the gold coins or bullion secure. However, there are more convenient ways to speculate on the price of gold and gold-related assets:
- Contracts for difference (CFDs): In essence, CFDs are assets directly tied to the price of gold on the market. By trading in CFDs, you can profit from price changes without the hassle of managing actual gold;
- Exchange-traded funds (ETF): In contrast to active trading in CFDs of margin-dependent derivatives, ETFs represent a more passive investment alternative. Investing in ETFs that track gold as a commodity means investing in a financial instrument that passively matches the performance of gold;
- Gold-related stocks: Alternatively, you can invest in gold by buying stocks in gold-related companies, such as gold mining corporations. The price of these stocks tends to correspond to gold price fluctuations.
Common mistakes to avoid when investing in gold
Diversifying your portfolio by buying gold with Capital One is an efficient method of having a potent hedge against inflation and security in case of global economy turbulences and recessions.
This doesn’t mean investing in gold is a move without its risks. Avoid repeating common mistakes traders before you have made:
- Failing to diversify: Storing all your eggs in a single basket makes them vulnerable to cracking. Always diversify your portfolio with bonds, stocks, cryptocurrency, or real estate rather than investing everything in gold. This will make your portfolio less susceptible to price crashes and losses;
- Trying to time the market: The market forces are unpredictable and can suddenly turn course just when you begin to rely on them. Rather than timing the market, consider long-term approaches to investing, e.g., dollar-cost averaging. This will reduce the overall impact of market volatility;
- Failing to research the asset: We recommend you always research the asset you are about to invest in to make sure no unrevealed factors might impact your financial goals. If you’re willing to invest in an ETF, research all its components and track the fundamentals of every asset;
- Overusing leverage: When done wrong, margin trading is no different than blindly gambling with stakes you probably can’t afford. While their risk-to-return ratio looks very attractive, overusing leverage is extremely risky and should be avoided if you are not fully aware of the danger;
- Falling for scams: Be on the watch for offers that seem too good to be true, as well as from inflated prices and fake goods. For more details on how to spot fraud, check the Commodity Futures Trading Commission (CFTC)’s guidelines;
- Using shady platforms: Don’t get tricked easily by lucrative rates and fantasy offers: always use licensed and regulated brokerages for gold investments. Check with the relevant authorities whether your platform of choice is safe to use.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
FAQs about how to buy gold with Capital One:
Can I buy gold with Capital One?
Yes, you can buy gold with Capital One by connecting your bank account or credit card to a third-party asset exchange platform such as eToro.
How to buy gold with Capital One?
You can buy gold with Capital One by linking it (or its credit card) to an exchange platform that provided gold, such as eToro.
Where to buy gold with Capital One?
Investors can buy gold with Capital One through online broker services that allow trading for gold, for example, through eToro.
Is buying gold with Capital One safe?
Buying gold with Capital One is safe if you go through regulated brokerages and observe the guidelines provided above.
How to buy gold?
You can invest in gold by buying gold CFDs, investing in gold ETFs, and obtaining stocks in gold-related businesses. These don’t require you to own the gold, which simplifies the investment process while still offering exposure to the commodity.
Is gold a good investment?
Different factors influence the answer, like your investment goals, risk tolerance, trading experience, and portfolio structure. Gold investments commonly serve to protect from global market turbulence and to represent a hedge against inflation. This diversifies your portfolio and preserves your funds during economic crises.
Best Precious Metals Broker for Intermediate Traders and Investors
-
Invest in Gold, Silver and 3,000+ other assets including stocks and cryptocurrencies.
-
0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
-
Copy top-performing traders in real time, automatically.
-
eToro USA is registered with FINRA for securities trading.
