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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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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AT&T Corp. (New) COM 00206R102 1,858 44,705 SH   SOLE   44,705 0 0
AbbVie, Inc. COM 00287Y109 1,180 18,110 SH   SOLE   18,110 0 0
Abbott Laboratories COM 002824100 829 18,674 SH   SOLE   18,674 0 0
American Express COM 025816109 1,523 19,250 SH   SOLE   19,250 0 0
Anheuser Busch InBev COM 03524a108 845 7,700 SH   SOLE   7,700 0 0
Annaly Mortgage Management, In COM 035710409 193 17,366 SH   SOLE   17,366 0 0
Apple Computer COM 037833100 759 5,285 SH   SOLE   5,285 0 0
Avista (formerly Washington Wa COM 05379B107 277 7,100 SH   SOLE   7,100 0 0
Bristol-Myers Squibb COM 110122108 1,820 33,475 SH   SOLE   33,475 0 0
Bunge Ltd. COM G16962105 1,209 15,250 SH   SOLE   15,250 0 0
CSX Corp. COM 126408103 3,512 75,450 SH   SOLE   75,450 0 0
Chevron Corporation (fmly. Che COM 166764100 1,691 15,747 SH   SOLE   15,747 0 0
Clorox Co. COM 189054109 3,163 23,457 SH   SOLE   23,457 0 0
ConocoPhillips COM 20825C104 814 16,320 SH   SOLE   16,320 0 0
Copart Inc. COM 217204106 1,423 22,975 SH   SOLE   22,975 0 0
DNP Select Income Fund (fmly. COM 23325p104 926 85,769 SH   SOLE   85,769 0 0
Disney (Walt) Holding Co. COM 254687106 2,471 21,795 SH   SOLE   21,795 0 0
Duke Energy COM 264399106 296 3,610 SH   SOLE   3,610 0 0
Duke Realty Corp. (fmly. Duke- COM 264411505 331 12,600 SH   SOLE   12,600 0 0
Edison International (formerly COM 281020107 263 3,300 SH   SOLE   3,300 0 0
Elements Rogers International COM 870297801 82 16,100 SH   SOLE   16,100 0 0
Engie (formerly GDF Suez S.A.) COM 29286D105 550 38,700 SH   SOLE   38,700 0 0
Essex Property Trust COM 297178105 1,921 8,296 SH   SOLE   8,296 0 0
Frontier Communications COM 35906a108 62 28,760 SH   SOLE   28,760 0 0
General Electric COM 369604103 432 14,500 SH   SOLE   14,500 0 0
Gilead Sciences, Inc. COM 375558103 1,528 22,500 SH   SOLE   22,500 0 0
HCP, Inc. COM 40414L109 811 25,924 SH   SOLE   25,924 0 0
Hawaiian Electric COM 419870100 1,759 52,817 SH   SOLE   52,817 0 0
Healthcare Realty Trust COM 421946104 202 6,200 SH   SOLE   6,200 0 0
Healthcare Services Group, Inc COM 421906108 276 6,400 SH   SOLE   6,400 0 0
Intel Corp. COM 458140100 2,831 78,500 SH   SOLE   78,500 0 0
International Business Machine COM 459200101 719 4,126 SH   SOLE   4,126 0 0
Johnson & Johnson COM 478160104 1,174 9,425 SH   SOLE   9,425 0 0
Kellogg Co. COM 487836108 1,830 25,200 SH   SOLE   25,200 0 0
Kimberly-Clark COM 494368103 1,520 11,550 SH   SOLE   11,550 0 0
Leggett & Platt, Inc. COM 524660107 825 16,400 SH   SOLE   16,400 0 0
Lilly, Eli COM 532457108 1,527 18,150 SH   SOLE   18,150 0 0
Lockheed Martin Corp. COM 539830109 1,291 4,825 SH   SOLE   4,825 0 0
Mattel, Inc. COM 577081102 645 25,200 SH   SOLE   25,200 0 0
Merck & Co. COM 589331107 3,495 55,008 SH   SOLE   55,008 0 0
Microchip Technology, Inc. COM 595017104 2,697 36,550 SH   SOLE   36,550 0 0
Microsoft COM 594918104 3,446 52,322 SH   SOLE   52,322 0 0
Omega Healthcare Investors, In COM 681936100 257 7,800 SH   SOLE   7,800 0 0
Open Joint Stock Co. Gazprom COM 368287207 399 89,000 SH   SOLE   89,000 0 0
Oracle Corp. COM 68389X105 1,035 23,200 SH   SOLE   23,200 0 0
Overstock.com COM 690370101 306 17,800 SH   SOLE   17,800 0 0
PG&E Corporation COM 69331C108 712 10,729 SH   SOLE   10,729 0 0
PPG Industries COM 693506107 229 2,182 SH   SOLE   2,182 0 0
Pepsico Inc. COM 713448108 1,781 15,923 SH   SOLE   15,923 0 0
Petroleo Brasileiro S.A. COM 71654v408 218 22,500 SH   SOLE   22,500 0 0
Pfizer Inc. COM 717081103 888 25,957 SH   SOLE   25,957 0 0
Phillips 66 COM 718546104 551 6,960 SH   SOLE   6,960 0 0
Procter & Gamble COM 742718109 14,841 165,172 SH   SOLE   165,172 0 0
Public Storage COM 74460D109 1,746 7,974 SH   SOLE   7,974 0 0
Qualcomm Inc. COM 747525103 777 13,550 SH   SOLE   13,550 0 0
Realty Income Corp. COM 756109104 304 5,100 SH   SOLE   5,100 0 0
Regeneron Pharmaceuticals, Inc COM 75886f107 736 1,900 SH   SOLE   1,900 0 0
Sanofi-Aventis SA COM 80105N105 1,262 27,884 SH   SOLE   27,884 0 0
Senior Housing Properties COM 81721M109 645 31,830 SH   SOLE   31,830 0 0
Southern Company COM 842587107 1,483 29,800 SH   SOLE   29,800 0 0
Starbucks Corp. COM 855244109 1,540 26,375 SH   SOLE   26,375 0 0
Statoil ASA COM 85771p102 560 32,600 SH   SOLE   32,600 0 0
Telefonica de Espana S.A. ADR COM 879382208 118 10,550 SH   SOLE   10,550 0 0
The Chef's Warehouse COM 163086101 279 20,100 SH   SOLE   20,100 0 0
The Herzfeld Caribbean Basin F COM 42804t106 128 18,050 SH   SOLE   18,050 0 0
Total S.A. ADR COM 89151E109 1,087 21,550 SH   SOLE   21,550 0 0
Unilever PLC COM 904767704 1,567 31,765 SH   SOLE   31,765 0 0
United Parcel Service COM 911312106 1,186 11,050 SH   SOLE   11,050 0 0
United Technologies COM 913017109 1,289 11,491 SH   SOLE   11,491 0 0
Ventas, Inc. COM 92276F100 1,021 15,700 SH   SOLE   15,700 0 0
Verizon Corporation COM 92343V104 1,195 24,513 SH   SOLE   24,513 0 0
Vestas Wind Systems A/S COM 925458101 666 24,500 SH   SOLE   24,500 0 0
Weyerhaeuser Co. COM 962166104 1,536 45,198 SH   SOLE   45,198 0 0
ASA (Bermuda) Limited COM G3156P103 1,073 88,980 SH   SOLE   88,980 0 0
AngloGold Ashanti Ltd. COM 035128206 195 18,100 SH   SOLE   18,100 0 0
Barrick Gold Corporation COM 067901108 464 24,450 SH   SOLE   24,450 0 0
Central Fund of Canada Ltd. COM 153501101 3,001 233,364 SH   SOLE   233,364 0 0
Freeport McMoRan Inc. COM 35671D857 262 19,606 SH   SOLE   19,606 0 0
Goldcorp, Inc. COM 380956409 1,686 115,560 SH   SOLE   115,560 0 0
Hecla Mining COM 422704106 323 61,107 SH   SOLE   61,107 0 0
IAMGOLD Corporation COM 450913108 369 92,200 SH   SOLE   92,200 0 0
Kinross Gold Corporation COM 496902404 249 70,950 SH   SOLE   70,950 0 0
Newmont Mining COM 651639106 2,880 87,368 SH   SOLE   87,368 0 0
Pan American Silver Corp. COM 697900108 1,392 79,450 SH   SOLE   79,450 0 0
Silver Wheaton Corp. COM 828336107 1,797 86,250 SH   SOLE   86,250 0 0
Sprott Physical Gold Trust ETF COM 85207H104 2,291 224,202 SH   SOLE   224,202 0 0
Sprott Physical Silver Trust E COM 852075107 227 32,850 SH   SOLE   32,850 0 0
Yamana Gold, Inc. COM 98462Y100 490 177,425 SH   SOLE   177,425 0 0