The liquidation and subsequent purchase of the new replacement metals happens simultaneously with Thor Metals, thus there is no risk of that occurring.

There are a number of reasons but the three most common are…

1.) You want to adjust allocations of various metals, meaning you have 60% gold and 40% silver but would like to increase the silver allocation to 60% and the gold consequently decreased to 40%

2.) There are superior metal markets that your portfolio can be positioned in, thus you would facilitate an exchange to accomplish this. Given that physical precious metals not only exist in a supply/demand market but also that each specific metal (corresponding mint producing it) and even the specific weight of that metal have its very own supply/demand market dictating its market value. Given this fact, there may be compelling reason(s) why a coin produced by a specific mint or of a certain weight might perform better than a coin from a different mint or of a different weight. For example, specific coins minted by the US Mint are treated as currency by the IRS for certain purposes and thus have different requirements involving 1099s issued on acquisition and/or liquidation than a coin from a non-sovereign mint. This is appealing to many investors consequently creating heightened demand for these specific coins. Given that the mint generally produces a standardized quantity each production cycle, a heightened demand in concert with a standardized supply will create an increase in market price.

3.) Last March when SVB Bank collapsed there was a run on the precious metals market as people wanted their money out of the banks. This created an increase in the price per ounce of gold and silver as demand skyrocketed for physical gold and silver coins. Gold and silver coins are produced by most mints in 4 weights (1/10th oz, 1/4 oz, 1/2 oz, and 1 oz) with a standardized quantity of each weight produced. During this metals run, the demand for 1/10th oz gold coins usurped that of any other weighted gold coin. The logic made a lot of sense given that if gold prices continued to rise, the lighter the weight of the coin would make it more transactable and thus more appealing. Also, many people could not afford a full one-ounce gold coin at 2100 dollars per coin. They could, however, afford the relatively cheaper few hundred dollars required to purchase a 1/10th oz gold coin.

Thus, all gold went up but the 1/10th oz gold coins went up a significantly higher % than any other weighted gold coin and eventually actually sold off the market and became unattainable!