Louisville, CO (PRWEB) June 18, 2013
New Direction IRA announced a new metals exchange procedure on Tuesday, June 18. It is the fastest metals exchange process of any self-directed IRA provider, utilizing industry-best technology and a knowledgeable client support team.
Given the fluctuating metals market, precious metals buyers and sellers rely on quick exchanges of their IRA-held metals. Exchanges occur when an investor trades some or all of a metal type in his account for another physical metal type. For example an IRA holder could trade some gold coins or bars for some silver coins or bars.
Most IRA providers need weeks to perform an exchange, requiring investors to sell the metals, wait for the money to come back to the IRA, purchase new metals and ship those new metals.
New Direction IRA expedites the exchange process by allowing the metals to be directly exchanged at the depository after paperwork is submitted online. Exchanges are completed in days, providing valuable flexibility to metals buyers and sellers.
New Direction IRA CEO Bill Humphrey said the company listened to requests from precious metals buyers and sellers and has seen an influx in customers who want the ability to exchange metals quickly in their IRA.
“We repeatedly heard from both IRA owners and their metals dealers that they wanted to be able to move from one type of metal to another within their IRA holdings or that they wanted to move from rounds to bars of the same metal without a full blown sale and purchase process, but their current IRA provider either couldn’t do it or took too long,” Humphrey said.
“Given the speed that prices change in today’s market, such desires are likely to increase,” he added. “We created our new precious metals exchange process to help both account holders and metals dealers accomplish exchanges quickly and on a cost effective basis.”
For more information on New Direction IRA, the metals exchange process or self-directed IRAs in general, visit http://www.NewDirectionIRA.com.
New Direction IRA is a provider of self-directed IRAs, specializing the bookkeeping and administration of these accounts. New Direction IRA allows investors to maximize their IRA funds by allowing investments in real estate, precious metals, equity and more.