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
AT&T Corp. (New) COM 00206R102   1,959 46,053 SH   SOLE   46,053 0 0
AbbVie, Inc. COM 00287Y109   1,184 18,910 SH   SOLE   18,910 0 0
Abbott Laboratories COM 002824100   729 18,974 SH   SOLE   18,974 0 0
American Express COM 025816109   1,433 19,350 SH   SOLE   19,350 0 0
Anheuser Busch InBev COM 03524a108   812 7,700 SH   SOLE   7,700 0 0
Annaly Mortgage Management, In COM 035710409   173 17,366 SH   SOLE   17,366 0 0
Apple Computer COM 037833100   612 5,285 SH   SOLE   5,285 0 0
Avista (formerly Washington Wa COM 05379B107   284 7,100 SH   SOLE   7,100 0 0
Bristol-Myers Squibb COM 110122108   2,003 34,275 SH   SOLE   34,275 0 0
Bunge Ltd. COM G16962105   1,102 15,250 SH   SOLE   15,250 0 0
CSX Corp. COM 126408103   2,786 77,550 SH   SOLE   77,550 0 0
Chevron Corporation (fmly. Che COM 166764100   1,871 15,897 SH   SOLE   15,897 0 0
Clorox Co. COM 189054109   2,851 23,757 SH   SOLE   23,757 0 0
ConocoPhillips COM 20825C104   863 17,220 SH   SOLE   17,220 0 0
Copart Inc. COM 217204106   1,279 23,075 SH   SOLE   23,075 0 0
DNP Select Income Fund (fmly. COM 23325p104   928 90,729 SH   SOLE   90,729 0 0
Disney (Walt) Holding Co. COM 254687106   2,271 21,795 SH   SOLE   21,795 0 0
Duke Energy COM 264399106   280 3,610 SH   SOLE   3,610 0 0
Duke Realty Corp. (fmly. Duke- COM 264411505   361 13,600 SH   SOLE   13,600 0 0
Edison International (formerly COM 281020107   331 4,600 SH   SOLE   4,600 0 0
Elements Rogers International COM 870297801   84 16,100 SH   SOLE   16,100 0 0
Engie (formerly GDF Suez S.A.) COM 29286D105   493 38,700 SH   SOLE   38,700 0 0
Essex Property Trust COM 297178105   1,951 8,393 SH   SOLE   8,393 0 0
Frontier Communications COM 35906a108   97 28,760 SH   SOLE   28,760 0 0
General Electric COM 369604103   458 14,500 SH   SOLE   14,500 0 0
Gilead Sciences, Inc. COM 375558103   1,626 22,700 SH   SOLE   22,700 0 0
HCP, Inc. COM 40414L109   782 26,324 SH   SOLE   26,324 0 0
Hawaiian Electric COM 419870100   1,829 55,317 SH   SOLE   55,317 0 0
Healthcare Services Group, Inc COM 421906108   259 6,600 SH   SOLE   6,600 0 0
Intel Corp. COM 458140100   2,869 79,100 SH   SOLE   79,100 0 0
International Business Machine COM 459200101   717 4,317 SH   SOLE   4,317 0 0
Johnson & Johnson COM 478160104   1,086 9,425 SH   SOLE   9,425 0 0
Kellogg Co. COM 487836108   1,880 25,500 SH   SOLE   25,500 0 0
Kimberly-Clark COM 494368103   1,324 11,600 SH   SOLE   11,600 0 0
Leggett & Platt, Inc. COM 524660107   802 16,400 SH   SOLE   16,400 0 0
Lilly, Eli COM 532457108   1,405 19,100 SH   SOLE   19,100 0 0
Lockheed Martin Corp. COM 539830109   1,231 4,925 SH   SOLE   4,925 0 0
Mattel, Inc. COM 577081102   694 25,200 SH   SOLE   25,200 0 0
Merck & Co. COM 589331107   3,315 56,308 SH   SOLE   56,308 0 0
Microchip Technology, Inc. COM 595017104   2,444 38,100 SH   SOLE   38,100 0 0
Microsoft COM 594918104   3,338 53,714 SH   SOLE   53,714 0 0
Omega Healthcare Investors, In COM 681936100   244 7,800 SH   SOLE   7,800 0 0
Open Joint Stock Co. Gazprom COM 368287207   444 89,000 SH   SOLE   89,000 0 0
Oracle Corp. COM 68389X105   907 23,600 SH   SOLE   23,600 0 0
Overstock.com COM 690370101   312 17,800 SH   SOLE   17,800 0 0
PG&E Corporation COM 69331C108   682 11,229 SH   SOLE   11,229 0 0
PPG Industries COM 693506107   207 2,182 SH   SOLE   2,182 0 0
Pepsico Inc. COM 713448108   1,676 16,023 SH   SOLE   16,023 0 0
Petroleo Brasileiro S.A. COM 71654v408   227 22,500 SH   SOLE   22,500 0 0
Pfizer Inc. COM 717081103   856 26,357 SH   SOLE   26,357 0 0
Phillips 66 COM 718546104   601 6,960 SH   SOLE   6,960 0 0
Procter & Gamble COM 742718109   14,209 168,997 SH   SOLE   168,997 0 0
Public Storage COM 74460D109   1,793 8,024 SH   SOLE   8,024 0 0
Qualcomm Inc. COM 747525103   890 13,650 SH   SOLE   13,650 0 0
Realty Income Corp. COM 756109104   293 5,100 SH   SOLE   5,100 0 0
Regeneron Pharmaceuticals, Inc COM 75886f107   716 1,950 SH   SOLE   1,950 0 0
Sanofi-Aventis SA COM 80105N105   1,128 27,884 SH   SOLE   27,884 0 0
Senior Housing Properties COM 81721M109   621 32,830 SH   SOLE   32,830 0 0
Southern Company COM 842587107   1,466 29,800 SH   SOLE   29,800 0 0
Starbucks Corp. COM 855244109   1,464 26,375 SH   SOLE   26,375 0 0
Statoil ASA COM 85771p102   627 34,400 SH   SOLE   34,400 0 0
Telefonica de Espana S.A. ADR COM 879382208   97 10,550 SH   SOLE   10,550 0 0
The Chef's Warehouse COM 163086101   318 20,100 SH   SOLE   20,100 0 0
The Herzfeld Caribbean Basin F COM 42804t106   121 18,050 SH   SOLE   18,050 0 0
Total S.A. ADR COM 89151E109   1,124 22,050 SH   SOLE   22,050 0 0
Unilever PLC COM 904767704   1,334 32,765 SH   SOLE   32,765 0 0
United Parcel Service COM 911312106   1,295 11,300 SH   SOLE   11,300 0 0
United Technologies COM 913017109   1,320 12,041 SH   SOLE   12,041 0 0
UnitedHealth Group Inc. COM 910581107   2,909 18,175 SH   SOLE   18,175 0 0
Ventas, Inc. COM 92276F100   982 15,700 SH   SOLE   15,700 0 0
Verizon Corporation COM 92343V104   1,302 24,387 SH   SOLE   24,387 0 0
Vestas Wind Systems A/S COM 925458101   532 24,500 SH   SOLE   24,500 0 0
Weyerhaeuser Co. COM 962166104   1,429 47,478 SH   SOLE   47,478 0 0
ASA (Bermuda) Limited COM G3156P103   1,033 93,580 SH   SOLE   93,580 0 0
AngloGold Ashanti Ltd. COM 035128206   190 18,100 SH   SOLE   18,100 0 0
Barrick Gold Corporation COM 067901108   375 23,450 SH   SOLE   23,450 0 0
Central Fund of Canada Ltd. COM 153501101   2,635 233,364 SH   SOLE   233,364 0 0
Freeport McMoRan Inc. COM 35671D857   259 19,606 SH   SOLE   19,606 0 0
Goldcorp, Inc. COM 380956409   1,559 114,660 SH   SOLE   114,660 0 0
Hecla Mining COM 422704106   320 61,107 SH   SOLE   61,107 0 0
IAMGOLD Corporation COM 450913108   338 87,700 SH   SOLE   87,700 0 0
Kinross Gold Corporation COM 496902404   230 73,950 SH   SOLE   73,950 0 0
Newmont Mining COM 651639106   3,011 88,368 SH   SOLE   88,368 0 0
Pan American Silver Corp. COM 697900108   1,182 78,450 SH   SOLE   78,450 0 0
Silver Wheaton Corp. COM 828336107   1,686 87,250 SH   SOLE   87,250 0 0
Sprott Physical Gold Trust ETF COM 85207H104   2,124 226,202 SH   SOLE   226,202 0 0
Sprott Physical Silver Trust E COM 852075107   218 35,850 SH   SOLE   35,850 0 0
Yamana Gold, Inc. COM 98462Y100   506 179,925 SH   SOLE   179,925 0 0