Is the vaccine a game changer for gold?

Indeed, The announcement is great news! After all, the vaccine is the ultimate weapon against the virus. There is no doubt that one day we will get the vaccine. Thank goodness for scientists – they are really smart people working hard to develop a safe vaccine! Why can’t we have more of them instead of so many economists? Additionally, the pandemic sparked unprecedented global cooperation to develop a vaccine as quickly as possible. The funds are huge, while the bureaucrats finally decided to behave like decent human beings for once and softened their stance to speed up the whole process. Excellent!

But there is always a but”. You see it, there are some problems related to the Pfizer vaccine . First, all we know comes from the press release, but the company did not provide any data for a review. Second, the efficacy rate announced by the company refers only to the seven days after the administration of the second dose; We do not yet know how effective the vaccine is in the long term and how long the immunity lasts. Third, we do not yet know the efficacy of the vaccine among the elderly and those with underlying conditions, or those most affected by COVID-19. Fourth, the vaccine is based on mRNA technology, and such a vaccine was never approved for human use. There is always a first time, but new technologies always give rise to some concerns that could ultimately reduce the public’s preference for vaccination.

Another problem is that this vaccine requires two doses that are taken 21 days apart. Delays the timing of immunization and again reduces motivation to get vaccinated; yes, some people are so lazy and / or they don’t like injections that much (for whatever reason; we’re not debating whether it’s justified or not). ) who may refuse to be vaccinated.

Also, the Pfizer vaccine should be stored at a temperature of about -70 ° C (-94 ° F), which is quite low, and can be quite cold in shorts (unless it is Wim Hof). The problem is transportation and distribution; many hospitals, not to mention rural doctors and pharmacies, and health systems in developing countries, do not have adequate freezers to store the vaccine. Last but not least, even if scientists develop the best possible vaccine, it is still useless unless people agree to take it, and this is far from safe, given the pandemic denial movement and fear of vaccinations

Sure, you could say that all these points are not very troublesome. After all, Pfizer is not the only company working on the vaccine. In reality, there are more than 150 coronavirus vaccines in development around the world. For example, Moderna’s vaccine can be stored at a much higher temperature, a more comfortable temperature of -4 ° F (-20 ° C), so even if Pfizer’s vaccine turns out not to be the best, other vaccines Even better ones will hit the market. market, and the lack of any vaccine can turn into a crisis of abundance.

That’s true, but the sad truth is any vaccine is unlikely to be widely available until mid-2021 . Pfizer, for example, announced that it expected to produce 50 million doses by the end of 2020. Since the vaccine requires two doses, only 25 million people could be vaccinated this year. So don’t count on being among this group: countries will prioritize healthcare workers, social workers, and uniformed services first, then the elderly. It means we won’t be back to normal very soon, and most of us will still need to wear masks, practice social distancing, and… wash our hands!

Meanwhile, the US is about to enter Covid hell , as Michael Osterholm, one of Biden’s advisers on the epidemic, put it. In fact, the country is approaching 11 million reported COVID-19 cases, and the coronavirus has already killed more than 240,000 Americans. But the worst may still be ahead for the US As can be seen from the chart below, the epidemiological curve is clearly exponential and the daily number of new cases has reached 200,000. Yes, you read that correctly, around two hundred thousand people get infected every day. You don’t have to be a mathematician to realize that at such a rate of infections, the healthcare system will soon collapse.