The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
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COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ARM Holdings plc COM 042068106   1,090 24,950 SH   SOLE   24,950 0 0
AT&T Corp. (New) COM 00206R102   1,870 47,753 SH   SOLE   47,753 0 0
AbbVie, Inc. COM 00287Y109   1,126 19,710 SH   SOLE   19,710 0 0
Abbott Laboratories COM 002824100   836 19,974 SH   SOLE   19,974 0 0
American Express COM 025816109   1,219 19,850 SH   SOLE   19,850 0 0
Anheuser Busch InBev COM 03524a108   972 7,800 SH   SOLE   7,800 0 0
Annaly Mortgage Management, In COM 035710409   218 21,266 SH   SOLE   21,266 0 0
Apple Computer COM 037833100   489 4,485 SH   SOLE   4,485 0 0
Avista (formerly Washington Wa COM 05379B107   294 7,200 SH   SOLE   7,200 0 0
Bristol-Myers Squibb COM 110122108   2,295 35,925 SH   SOLE   35,925 0 0
Bunge Ltd. COM G16962105   893 15,750 SH   SOLE   15,750 0 0
CSX Corp. COM 126408103   2,124 82,500 SH   SOLE   82,500 0 0
Chevron Corporation (fmly. Che COM 166764100   1,822 19,097 SH   SOLE   19,097 0 0
Clorox Co. COM 189054109   3,146 24,957 SH   SOLE   24,957 0 0
ConocoPhillips COM 20825C104   742 18,420 SH   SOLE   18,420 0 0
Copart Inc. COM 217204106   1,030 25,275 SH   SOLE   25,275 0 0
DNP Select Income Fund (fmly. COM 23325p104   964 96,353 SH   SOLE   96,353 0 0
Duke Energy COM 264399106   291 3,610 SH   SOLE   3,610 0 0
Duke-Weeks Realty Corp. COM 264411505   311 13,800 SH   SOLE   13,800 0 0
Edison International (formerly COM 281020107   345 4,800 SH   SOLE   4,800 0 0
Elements Rogers International COM 870297801   79 17,300 SH   SOLE   17,300 0 0
Engie (formerly GDF Suez S.A.) COM 29286D105   849 54,600 SH   SOLE   54,600 0 0
Essex Property Trust COM 297178105   2,054 8,783 SH   SOLE   8,783 0 0
ExxonMobil COM 30231g102   251 3,000 SH   SOLE   3,000 0 0
Frontier Communications COM 35906a108   203 36,340 SH   SOLE   36,340 0 0
General Electric COM 369604103   666 20,965 SH   SOLE   20,965 0 0
HCP, Inc. COM 40414L109   933 28,624 SH   SOLE   28,624 0 0
Hawaiian Electric COM 419870100   1,877 57,917 SH   SOLE   57,917 0 0
Healthcare Realty Trust COM 421946104   213 6,900 SH   SOLE   6,900 0 0
Healthcare Services Group, Inc COM 421906108   243 6,600 SH   SOLE   6,600 0 0
Intel Corp. COM 458140100   2,659 82,200 SH   SOLE   82,200 0 0
International Business Machine COM 459200101   710 4,688 SH   SOLE   4,688 0 0
Johnson & Johnson COM 478160104   1,047 9,675 SH   SOLE   9,675 0 0
Kimberly-Clark COM 494368103   1,665 12,375 SH   SOLE   12,375 0 0
Leggett & Platt, Inc. COM 524660107   818 16,900 SH   SOLE   16,900 0 0
Lilly, Eli COM 532457108   1,491 20,700 SH   SOLE   20,700 0 0
Lockheed Martin Corp. COM 539830109   1,168 5,275 SH   SOLE   5,275 0 0
Mattel, Inc. COM 577081102   861 25,600 SH   SOLE   25,600 0 0
Merck & Co. COM 589331107   3,037 57,408 SH   SOLE   57,408 0 0
Microchip Technology, Inc. COM 595017104   1,926 39,950 SH   SOLE   39,950 0 0
Microsoft COM 594918104   3,108 56,265 SH   SOLE   56,265 0 0
Open Joint Stock Co. Gazprom COM 368287207   415 96,300 SH   SOLE   96,300 0 0
Oracle Corp. COM 68389X105   1,015 24,800 SH   SOLE   24,800 0 0
Overstock.com COM 690370101   267 18,600 SH   SOLE   18,600 0 0
PG&E Corporation COM 69331C108   686 11,479 SH   SOLE   11,479 0 0
PPG Industries COM 693506107   243 2,182 SH   SOLE   2,182 0 0
Pepsico Inc. COM 713448108   1,714 16,723 SH   SOLE   16,723 0 0
Petroleo Brasileiro S.A. COM 71654v408   139 23,800 SH   SOLE   23,800 0 0
Pfizer Inc. COM 717081103   814 27,457 SH   SOLE   27,457 0 0
Phillips 66 COM 718546104   655 7,560 SH   SOLE   7,560 0 0
Pitney Bowes, Inc. COM 724479100   200 9,300 SH   SOLE   9,300 0 0
ProShares Short S&P 500 COM 74347R503   1,949 95,500 SH   SOLE   95,500 0 0
Procter & Gamble COM 742718109   14,532 176,556 SH   SOLE   176,556 0 0
Public Storage COM 74460D109   2,296 8,324 SH   SOLE   8,324 0 0
Qualcomm Inc. COM 747525103   732 14,314 SH   SOLE   14,314 0 0
Realty Income Corp. COM 756109104   331 5,300 SH   SOLE   5,300 0 0
Sanofi-Aventis SA COM 80105N105   977 24,334 SH   SOLE   24,334 0 0
Senior Housing Properties COM 81721M109   603 33,730 SH   SOLE   33,730 0 0
Southern Company COM 842587107   1,606 31,050 SH   SOLE   31,050 0 0
Statoil ASA COM 85771p102   529 34,000 SH   SOLE   34,000 0 0
Telefonica de Espana S.A. ADR COM 879382208   123 11,068 SH   SOLE   11,068 0 0
The Chef's Warehouse COM 163086101   432 21,300 SH   SOLE   21,300 0 0
The Herzfeld Caribbean Basin F COM 42804t106   123 17,550 SH   SOLE   17,550 0 0
Total S.A. ADR COM 89151E109   1,061 23,350 SH   SOLE   23,350 0 0
Unilever PLC COM 904767704   1,530 33,865 SH   SOLE   33,865 0 0
United Parcel Service COM 911312106   1,223 11,600 SH   SOLE   11,600 0 0
United Technologies COM 913017109   1,225 12,241 SH   SOLE   12,241 0 0
UnitedHealth Group Inc. COM 910581107   2,549 19,775 SH   SOLE   19,775 0 0
Ventas, Inc. COM 92276F100   1,039 16,500 SH   SOLE   16,500 0 0
Verizon Corporation COM 92343V104   1,324 24,487 SH   SOLE   24,487 0 0
Weyerhaeuser Co. COM 962166104   1,497 48,318 SH   SOLE   48,318 0 0
ASA (Bermuda) Limited COM G3156P103   1,017 99,280 SH   SOLE   99,280 0 0
AngloGold Ashanti Ltd. COM 035128206   275 20,100 SH   SOLE   20,100 0 0
Barrick Gold Corporation COM 067901108   317 23,325 SH   SOLE   23,325 0 0
Central Fund of Canada Ltd. COM 153501101   2,908 242,564 SH   SOLE   242,564 0 0
Freeport McMoRan Inc. COM 35671D857   232 22,406 SH   SOLE   22,406 0 0
Goldcorp, Inc. COM 380956409   1,943 119,740 SH   SOLE   119,740 0 0
Hecla Mining COM 422704106   178 64,007 SH   SOLE   64,007 0 0
IAMGOLD Corporation COM 450913108   213 96,200 SH   SOLE   96,200 0 0
Kinross Gold Corporation COM 496902404   263 77,450 SH   SOLE   77,450 0 0
Newmont Mining COM 651639106   2,314 87,068 SH   SOLE   87,068 0 0
Pan American Silver Corp. COM 697900108   867 79,800 SH   SOLE   79,800 0 0
Silver Wheaton Corp. COM 828336107   1,492 90,000 SH   SOLE   90,000 0 0
Sprott Physical Gold Trust ETF COM 85207H104   2,491 246,102 SH   SOLE   246,102 0 0
Sprott Physical Silver Trust E COM 852075107   259 41,650 SH   SOLE   41,650 0 0
Yamana Gold, Inc. COM 98462Y100   563 185,225 SH   SOLE   185,225 0 0