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   1,135 24,950 SH   SOLE   24,950 0 0
AT&T Corp. (New) COM 00206R102   2,033 47,053 SH   SOLE   47,053 0 0
AbbVie, Inc. COM 00287Y109   1,183 19,110 SH   SOLE   19,110 0 0
Abbott Laboratories COM 002824100   754 19,174 SH   SOLE   19,174 0 0
American Express COM 025816109   1,206 19,850 SH   SOLE   19,850 0 0
Anheuser Busch InBev COM 03524a108   1,027 7,800 SH   SOLE   7,800 0 0
Annaly Mortgage Management, In COM 035710409   234 21,166 SH   SOLE   21,166 0 0
Apple Computer COM 037833100   429 4,485 SH   SOLE   4,485 0 0
Avista (formerly Washington Wa COM 05379B107   318 7,100 SH   SOLE   7,100 0 0
Bristol-Myers Squibb COM 110122108   2,576 35,025 SH   SOLE   35,025 0 0
Bunge Ltd. COM G16962105   902 15,250 SH   SOLE   15,250 0 0
CSX Corp. COM 126408103   2,126 81,500 SH   SOLE   81,500 0 0
Chevron Corporation (fmly. Che COM 166764100   1,929 18,397 SH   SOLE   18,397 0 0
Clorox Co. COM 189054109   3,440 24,857 SH   SOLE   24,857 0 0
ConocoPhillips COM 20825C104   777 17,820 SH   SOLE   17,820 0 0
Copart Inc. COM 217204106   1,234 25,175 SH   SOLE   25,175 0 0
DNP Select Income Fund (fmly. COM 23325p104   981 92,416 SH   SOLE   92,416 0 0
Duke Energy COM 264399106   310 3,610 SH   SOLE   3,610 0 0
Duke Realty Corp. (fmly. Duke- COM 264411505   368 13,800 SH   SOLE   13,800 0 0
Edison International (formerly COM 281020107   373 4,800 SH   SOLE   4,800 0 0
Elements Rogers International COM 870297801   88 17,300 SH   SOLE   17,300 0 0
Engie (formerly GDF Suez S.A.) COM 29286D105   885 54,600 SH   SOLE   54,600 0 0
Essex Property Trust COM 297178105   1,997 8,754 SH   SOLE   8,754 0 0
ExxonMobil COM 30231g102   281 3,000 SH   SOLE   3,000 0 0
Frontier Communications COM 35906a108   178 35,940 SH   SOLE   35,940 0 0
General Electric COM 369604103   660 20,965 SH   SOLE   20,965 0 0
HCP, Inc. COM 40414L109   977 27,624 SH   SOLE   27,624 0 0
Hawaiian Electric COM 419870100   1,870 57,017 SH   SOLE   57,017 0 0
Healthcare Realty Trust COM 421946104   217 6,200 SH   SOLE   6,200 0 0
Healthcare Services Group, Inc COM 421906108   273 6,600 SH   SOLE   6,600 0 0
Intel Corp. COM 458140100   2,663 81,200 SH   SOLE   81,200 0 0
International Business Machine COM 459200101   710 4,681 SH   SOLE   4,681 0 0
Johnson & Johnson COM 478160104   1,143 9,425 SH   SOLE   9,425 0 0
Kimberly-Clark COM 494368103   1,602 11,650 SH   SOLE   11,650 0 0
Leggett & Platt, Inc. COM 524660107   864 16,900 SH   SOLE   16,900 0 0
Lilly, Eli COM 532457108   1,583 20,100 SH   SOLE   20,100 0 0
Lockheed Martin Corp. COM 539830109   1,284 5,175 SH   SOLE   5,175 0 0
Mattel, Inc. COM 577081102   801 25,600 SH   SOLE   25,600 0 0
Merck & Co. COM 589331107   3,244 56,308 SH   SOLE   56,308 0 0
Microchip Technology, Inc. COM 595017104   2,018 39,750 SH   SOLE   39,750 0 0
Microsoft COM 594918104   2,844 55,588 SH   SOLE   55,588 0 0
Open Joint Stock Co. Gazprom COM 368287207   416 95,800 SH   SOLE   95,800 0 0
Oracle Corp. COM 68389X105   1,015 24,800 SH   SOLE   24,800 0 0
Overstock.com COM 690370101   296 18,400 SH   SOLE   18,400 0 0
PG&E Corporation COM 69331C108   734 11,479 SH   SOLE   11,479 0 0
PPG Industries COM 693506107   227 2,182 SH   SOLE   2,182 0 0
Pepsico Inc. COM 713448108   1,750 16,523 SH   SOLE   16,523 0 0
Petroleo Brasileiro S.A. COM 71654v408   170 23,800 SH   SOLE   23,800 0 0
Pfizer Inc. COM 717081103   949 26,957 SH   SOLE   26,957 0 0
Phillips 66 COM 718546104   576 7,260 SH   SOLE   7,260 0 0
Procter & Gamble COM 742718109   14,628 172,770 SH   SOLE   172,770 0 0
Public Storage COM 74460D109   2,076 8,124 SH   SOLE   8,124 0 0
Qualcomm Inc. COM 747525103   767 14,314 SH   SOLE   14,314 0 0
Realty Income Corp. COM 756109104   368 5,300 SH   SOLE   5,300 0 0
Sanofi-Aventis SA COM 80105N105   1,018 24,334 SH   SOLE   24,334 0 0
Senior Housing Properties COM 81721M109   703 33,730 SH   SOLE   33,730 0 0
Southern Company COM 842587107   1,665 31,050 SH   SOLE   31,050 0 0
Starbucks Corp. COM 855244109   1,541 26,975 SH   SOLE   26,975 0 0
Statoil ASA COM 85771p102   609 35,200 SH   SOLE   35,200 0 0
Telefonica de Espana S.A. ADR COM 879382208   105 11,068 SH   SOLE   11,068 0 0
The Chef's Warehouse COM 163086101   341 21,300 SH   SOLE   21,300 0 0
The Herzfeld Caribbean Basin F COM 42804t106   107 17,550 SH   SOLE   17,550 0 0
Total S.A. ADR COM 89151E109   1,085 22,550 SH   SOLE   22,550 0 0
Unilever PLC COM 904767704   1,622 33,865 SH   SOLE   33,865 0 0
United Parcel Service COM 911312106   1,250 11,600 SH   SOLE   11,600 0 0
United Technologies COM 913017109   1,255 12,241 SH   SOLE   12,241 0 0
UnitedHealth Group Inc. COM 910581107   2,750 19,475 SH   SOLE   19,475 0 0
Ventas, Inc. COM 92276F100   1,187 16,300 SH   SOLE   16,300 0 0
Verizon Corporation COM 92343V104   1,367 24,487 SH   SOLE   24,487 0 0
Weyerhaeuser Co. COM 962166104   1,424 47,838 SH   SOLE   47,838 0 0
ASA (Bermuda) Limited COM G3156P103   1,414 95,680 SH   SOLE   95,680 0 0
AngloGold Ashanti Ltd. COM 035128206   345 19,100 SH   SOLE   19,100 0 0
Barrick Gold Corporation COM 067901108   445 20,825 SH   SOLE   20,825 0 0
Central Fund of Canada Ltd. COM 153501101   3,323 239,064 SH   SOLE   239,064 0 0
Freeport McMoRan Inc. COM 35671D857   238 21,406 SH   SOLE   21,406 0 0
Goldcorp, Inc. COM 380956409   2,288 119,600 SH   SOLE   119,600 0 0
Hecla Mining COM 422704106   326 63,907 SH   SOLE   63,907 0 0
IAMGOLD Corporation COM 450913108   385 92,950 SH   SOLE   92,950 0 0
Kinross Gold Corporation COM 496902404   376 76,850 SH   SOLE   76,850 0 0
Newmont Mining COM 651639106   3,367 86,068 SH   SOLE   86,068 0 0
Pan American Silver Corp. COM 697900108   1,292 78,550 SH   SOLE   78,550 0 0
Silver Wheaton Corp. COM 828336107   2,072 88,050 SH   SOLE   88,050 0 0
Sprott Physical Gold Trust ETF COM 85207H104   2,649 241,302 SH   SOLE   241,302 0 0
Sprott Physical Silver Trust E COM 852075107   302 41,650 SH   SOLE   41,650 0 0
Yamana Gold, Inc. COM 98462Y100   958 184,225 SH   SOLE   184,225 0 0