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
Estimated average burden
hours per response: 23.8
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
AT&T Corp. (New) COM 00206R102   1,878 46,253 SH   SOLE   46,253 0 0
AbbVie, Inc. COM 00287Y109   1,193 18,910 SH   SOLE   18,910 0 0
Abbott Laboratories COM 002824100   802 18,974 SH   SOLE   18,974 0 0
American Express COM 025816109   1,239 19,350 SH   SOLE   19,350 0 0
Anheuser Busch InBev COM 03524a108   1,012 7,700 SH   SOLE   7,700 0 0
Annaly Mortgage Management, In COM 035710409   217 20,666 SH   SOLE   20,666 0 0
Apple Computer COM 037833100   564 4,985 SH   SOLE   4,985 0 0
Avista (formerly Washington Wa COM 05379B107   297 7,100 SH   SOLE   7,100 0 0
Bristol-Myers Squibb COM 110122108   1,867 34,625 SH   SOLE   34,625 0 0
Bunge Ltd. COM G16962105   903 15,250 SH   SOLE   15,250 0 0
CSX Corp. COM 126408103   2,387 78,250 SH   SOLE   78,250 0 0
Chevron Corporation (fmly. Che COM 166764100   1,636 15,897 SH   SOLE   15,897 0 0
Clorox Co. COM 189054109   2,980 23,807 SH   SOLE   23,807 0 0
ConocoPhillips COM 20825C104   749 17,220 SH   SOLE   17,220 0 0
Copart Inc. COM 217204106   1,247 23,275 SH   SOLE   23,275 0 0
DNP Select Income Fund (fmly. COM 23325p104   931 90,729 SH   SOLE   90,729 0 0
Disney (Walt) Holding Co. COM 254687106   2,010 21,650 SH   SOLE   21,650 0 0
Duke Energy COM 264399106   289 3,610 SH   SOLE   3,610 0 0
Duke Realty Corp. (fmly. Duke- COM 264411505   377 13,800 SH   SOLE   13,800 0 0
Edison International (formerly COM 281020107   347 4,800 SH   SOLE   4,800 0 0
Elements Rogers International COM 870297801   86 17,100 SH   SOLE   17,100 0 0
Engie (formerly GDF Suez S.A.) COM 29286D105   837 53,500 SH   SOLE   53,500 0 0
Essex Property Trust COM 297178105   1,910 8,577 SH   SOLE   8,577 0 0
Frontier Communications COM 35906a108   145 34,940 SH   SOLE   34,940 0 0
General Electric COM 369604103   434 14,665 SH   SOLE   14,665 0 0
HCP, Inc. COM 40414L109   999 26,324 SH   SOLE   26,324 0 0
Hawaiian Electric COM 419870100   1,657 55,517 SH   SOLE   55,517 0 0
Healthcare Realty Trust COM 421946104   211 6,200 SH   SOLE   6,200 0 0
Healthcare Services Group, Inc COM 421906108   261 6,600 SH   SOLE   6,600 0 0
Intel Corp. COM 458140100   3,005 79,600 SH   SOLE   79,600 0 0
International Business Machine COM 459200101   695 4,374 SH   SOLE   4,374 0 0
Johnson & Johnson COM 478160104   1,113 9,425 SH   SOLE   9,425 0 0
Kimberly-Clark COM 494368103   1,463 11,600 SH   SOLE   11,600 0 0
Leggett & Platt, Inc. COM 524660107   748 16,400 SH   SOLE   16,400 0 0
Lilly, Eli COM 532457108   1,541 19,200 SH   SOLE   19,200 0 0
Lockheed Martin Corp. COM 539830109   1,181 4,925 SH   SOLE   4,925 0 0
Mattel, Inc. COM 577081102   763 25,200 SH   SOLE   25,200 0 0
Merck & Co. COM 589331107   3,520 56,408 SH   SOLE   56,408 0 0
Microchip Technology, Inc. COM 595017104   2,414 38,850 SH   SOLE   38,850 0 0
Microsoft COM 594918104   3,145 54,600 SH   SOLE   54,600 0 0
Open Joint Stock Co. Gazprom COM 368287207   398 94,800 SH   SOLE   94,800 0 0
Oracle Corp. COM 68389X105   974 24,800 SH   SOLE   24,800 0 0
Overstock.com COM 690370101   273 17,800 SH   SOLE   17,800 0 0
PG&E Corporation COM 69331C108   687 11,229 SH   SOLE   11,229 0 0
PPG Industries COM 693506107   226 2,182 SH   SOLE   2,182 0 0
Pepsico Inc. COM 713448108   1,743 16,023 SH   SOLE   16,023 0 0
Petroleo Brasileiro S.A. COM 71654v408   222 23,800 SH   SOLE   23,800 0 0
Pfizer Inc. COM 717081103   903 26,657 SH   SOLE   26,657 0 0
Phillips 66 COM 718546104   569 7,060 SH   SOLE   7,060 0 0
Procter & Gamble COM 742718109   15,333 170,840 SH   SOLE   170,840 0 0
Public Storage COM 74460D109   1,790 8,024 SH   SOLE   8,024 0 0
Qualcomm Inc. COM 747525103   935 13,650 SH   SOLE   13,650 0 0
Realty Income Corp. COM 756109104   355 5,300 SH   SOLE   5,300 0 0
Sanofi-Aventis SA COM 80105N105   903 23,634 SH   SOLE   23,634 0 0
Senior Housing Properties COM 81721M109   746 32,830 SH   SOLE   32,830 0 0
Southern Company COM 842587107   1,560 30,400 SH   SOLE   30,400 0 0
Starbucks Corp. COM 855244109   1,417 26,175 SH   SOLE   26,175 0 0
Statoil ASA COM 85771p102   583 34,700 SH   SOLE   34,700 0 0
Telefonica de Espana S.A. ADR COM 879382208   112 11,068 SH   SOLE   11,068 0 0
The Chef's Warehouse COM 163086101   226 20,300 SH   SOLE   20,300 0 0
The Herzfeld Caribbean Basin F COM 42804t106   110 17,550 SH   SOLE   17,550 0 0
Total S.A. ADR COM 89151E109   1,052 22,050 SH   SOLE   22,050 0 0
Unilever PLC COM 904767704   1,558 32,865 SH   SOLE   32,865 0 0
United Parcel Service COM 911312106   1,236 11,300 SH   SOLE   11,300 0 0
United Technologies COM 913017109   1,244 12,241 SH   SOLE   12,241 0 0
UnitedHealth Group Inc. COM 910581107   2,685 19,175 SH   SOLE   19,175 0 0
Ventas, Inc. COM 92276F100   1,109 15,700 SH   SOLE   15,700 0 0
Verizon Corporation COM 92343V104   1,273 24,487 SH   SOLE   24,487 0 0
Weyerhaeuser Co. COM 962166104   1,523 47,678 SH   SOLE   47,678 0 0
ASA (Bermuda) Limited COM G3156P103   1,387 93,580 SH   SOLE   93,580 0 0
AngloGold Ashanti Ltd. COM 035128206   304 19,100 SH   SOLE   19,100 0 0
Barrick Gold Corporation COM 067901108   350 19,750 SH   SOLE   19,750 0 0
Central Fund of Canada Ltd. COM 153501101   3,227 233,364 SH   SOLE   233,364 0 0
Freeport McMoRan Inc. COM 35671D857   232 21,406 SH   SOLE   21,406 0 0
Goldcorp, Inc. COM 380956409   1,944 117,660 SH   SOLE   117,660 0 0
Hecla Mining COM 422704106   348 61,107 SH   SOLE   61,107 0 0
IAMGOLD Corporation COM 450913108   359 88,700 SH   SOLE   88,700 0 0
Kinross Gold Corporation COM 496902404   305 72,550 SH   SOLE   72,550 0 0
Newmont Mining COM 651639106   3,327 84,668 SH   SOLE   84,668 0 0
Pan American Silver Corp. COM 697900108   1,349 76,550 SH   SOLE   76,550 0 0
Silver Wheaton Corp. COM 828336107   2,345 86,750 SH   SOLE   86,750 0 0
Sprott Physical Gold Trust ETF COM 85207H104   2,543 232,202 SH   SOLE   232,202 0 0
Sprott Physical Silver Trust E COM 852075107   298 40,350 SH   SOLE   40,350 0 0
Yamana Gold, Inc. COM 98462Y100   765 177,425 SH   SOLE   177,425 0 0