Bob Iaccino
ON THE RECORD · 4 verbatim quotes · every quote source-verified
“Gold miners tend to have very fixed cost structures,”
Bob Iaccino · said 2026-08-18 · reported 2026-08-18
Iaccino put a Buy rating on the VanEck Gold Miners ETF, saying he expects miners to outperform the metal itself.
“If the Fed is fighting inflation, then gold suffers — it's not as good of a hedge because the competition for gold is short-term interest rates. So if those are going up, gold goes down, and vice versa.”
Bob Iaccino · said 2026-08-18 · reported 2026-08-18
Iaccino explained to Yahoo Finance's Julie Hyman when gold works as an inflation hedge relative to short-term interest rates.
“Gold is an inflation hedge if the Fed is not fighting inflation,”
Bob Iaccino · said 2026-08-18 · reported 2026-08-18
Iaccino told Yahoo Finance's Julie Hyman why he expects gold to recover even as prices slipped on rising bond yields.
“So when gold gets to a price and stays there, their profit margins widen because their costs don't necessarily increase incrementally with the price of gold.”
Bob Iaccino · said 2026-08-18 · reported 2026-08-18
Iaccino described why gold miners' profit margins widen when gold prices hold steady at higher levels.