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   1,608 41,367 SH   SOLE   41,367 0 0
AbbVie, Inc. COM 00287Y109   1,571 16,243 SH   SOLE   16,243 0 0
Abbott Laboratories COM 002824100   1,038 18,193 SH   SOLE   18,193 0 0
American Express COM 025816109   1,897 19,100 SH   SOLE   19,100 0 0
Anheuser Busch InBev COM 03524a108   822 7,366 SH   SOLE   7,366 0 0
Annaly Mortgage Management, In COM 035710409   178 14,983 SH   SOLE   14,983 0 0
Apple Computer COM 037833100   901 5,324 SH   SOLE   5,324 0 0
Avista (formerly Washington Wa COM 05379B107   314 6,100 SH   SOLE   6,100 0 0
Bristol-Myers Squibb COM 110122108   1,883 30,725 SH   SOLE   30,725 0 0
Bunge Ltd. COM G16962105   1,016 15,150 SH   SOLE   15,150 0 0
CSX Corp. COM 126408103   3,147 57,200 SH   SOLE   57,200 0 0
Chevron Corporation (fmly. Che COM 166764100   1,898 15,157 SH   SOLE   15,157 0 0
Clorox Co. COM 189054109   3,015 20,267 SH   SOLE   20,267 0 0
ConocoPhillips COM 20825C104   786 14,320 SH   SOLE   14,320 0 0
Copart Inc. COM 217204106   1,535 35,550 SH   SOLE   35,550 0 0
DNP Select Income Fund (fmly. COM 23325p104   905 83,770 SH   SOLE   83,770 0 0
Disney (Walt) Holding Co. COM 254687106   2,320 21,575 SH   SOLE   21,575 0 0
Duke Energy COM 264399106   284 3,378 SH   SOLE   3,378 0 0
Duke Realty Corp. (fmly. Duke- COM 264411505   335 12,300 SH   SOLE   12,300 0 0
Engie (formerly GDF Suez S.A.) COM 29286D105   279 16,250 SH   SOLE   16,250 0 0
Essex Property Trust COM 297178105   1,932 8,003 SH   SOLE   8,003 0 0
Fidelity Commonwealth TR Stk E COM 315912808   212 782 SH   SOLE   782 0 0
General Electric COM 369604103   713 40,880 SH   SOLE   40,880 0 0
Gilead Sciences, Inc. COM 375558103   1,598 22,300 SH   SOLE   22,300 0 0
HCP, Inc. COM 40414L109   641 24,574 SH   SOLE   24,574 0 0
Hawaiian Electric COM 419870100   1,851 51,217 SH   SOLE   51,217 0 0
Healthcare Services Group, Inc COM 421906108   319 6,050 SH   SOLE   6,050 0 0
Intel Corp. COM 458140100   3,359 72,767 SH   SOLE   72,767 0 0
International Business Machine COM 459200101   412 2,687 SH   SOLE   2,687 0 0
Johnson & Johnson COM 478160104   1,257 9,000 SH   SOLE   9,000 0 0
Kellogg Co. COM 487836108   1,649 24,250 SH   SOLE   24,250 0 0
Kimberly-Clark COM 494368103   1,345 11,150 SH   SOLE   11,150 0 0
Leggett & Platt, Inc. COM 524660107   740 15,500 SH   SOLE   15,500 0 0
Lilly, Eli COM 532457108   1,438 17,025 SH   SOLE   17,025 0 0
Lockheed Martin Corp. COM 539830109   1,329 4,140 SH   SOLE   4,140 0 0
Medical Marijuana, Inc. COM 58463A105   9 60,000 SH   SOLE   60,000 0 0
Merck & Co. COM 589331107   2,881 51,208 SH   SOLE   51,208 0 0
Microchip Technology, Inc. COM 595017104   2,786 31,708 SH   SOLE   31,708 0 0
Microsoft COM 594918104   3,898 45,568 SH   SOLE   45,568 0 0
Open Joint Stock Co. Gazprom COM 368287207   218 49,500 SH   SOLE   49,500 0 0
Oracle Corp. COM 68389X105   1,040 22,000 SH   SOLE   22,000 0 0
Overstock.com COM 690370101   997 15,600 SH   SOLE   15,600 0 0
PG&E Corporation COM 69331C108   463 10,329 SH   SOLE   10,329 0 0
PPG Industries COM 693506107   232 1,982 SH   SOLE   1,982 0 0
Pepsico Inc. COM 713448108   1,714 14,296 SH   SOLE   14,296 0 0
Petroleo Brasileiro S.A. COM 71654v408   220 21,400 SH   SOLE   21,400 0 0
Pfizer Inc. COM 717081103   853 23,557 SH   SOLE   23,557 0 0
Phillips 66 COM 718546104   674 6,660 SH   SOLE   6,660 0 0
Procter & Gamble COM 742718109   14,326 155,926 SH   SOLE   155,926 0 0
Public Storage COM 74460D109   1,656 7,924 SH   SOLE   7,924 0 0
Qualcomm Inc. COM 747525103   802 12,525 SH   SOLE   12,525 0 0
Realty Income Corp. COM 756109104   268 4,700 SH   SOLE   4,700 0 0
Regeneron Pharmaceuticals, Inc COM 75886f107   714 1,900 SH   SOLE   1,900 0 0
Sanofi-Aventis SA COM 80105N105   1,160 26,984 SH   SOLE   26,984 0 0
Senior Housing Properties COM 81721M109   599 31,280 SH   SOLE   31,280 0 0
Southern Company COM 842587107   1,385 28,800 SH   SOLE   28,800 0 0
Starbucks Corp. COM 855244109   1,482 25,800 SH   SOLE   25,800 0 0
Statoil ASA COM 85771p102   622 29,050 SH   SOLE   29,050 0 0
Target Stores COM 87612E106   1,538 23,575 SH   SOLE   23,575 0 0
The Herzfeld Caribbean Basin F COM 42804t106   129 18,050 SH   SOLE   18,050 0 0
Total S.A. ADR COM 89151E109   1,191 21,550 SH   SOLE   21,550 0 0
Unilever PLC COM 904767704   1,539 27,815 SH   SOLE   27,815 0 0
United Parcel Service COM 911312106   1,284 10,775 SH   SOLE   10,775 0 0
United Technologies COM 913017109   1,341 10,515 SH   SOLE   10,515 0 0
Ventas, Inc. COM 92276F100   892 14,861 SH   SOLE   14,861 0 0
Verizon Corporation COM 92343V104   1,269 23,971 SH   SOLE   23,971 0 0
Vestas Wind Systems A/S COM 925458101   552 23,900 SH   SOLE   23,900 0 0
Weyerhaeuser Co. COM 962166104   1,475 41,846 SH   SOLE   41,846 0 0
ASA (Bermuda) Limited COM G3156P103   754 66,630 SH   SOLE   66,630 0 0
Agnico Eagle Miners Limited COM 008474108   1,037 22,450 SH   SOLE   22,450 0 0
Barrick Gold Corporation COM 067901108   194 13,408 SH   SOLE   13,408 0 0
Central Fund of Canada Ltd. COM 153501101   3,251 242,626 SH   SOLE   242,626 0 0
Franco-Nevada Corp. COM 351858105   2,115 26,450 SH   SOLE   26,450 0 0
Freeport McMoRan Inc. COM 35671D857   199 10,506 SH   SOLE   10,506 0 0
Goldcorp, Inc. COM 380956409   1,475 115,517 SH   SOLE   115,517 0 0
Hecla Mining COM 422704106   164 41,407 SH   SOLE   41,407 0 0
IAMGOLD Corporation COM 450913108   492 84,400 SH   SOLE   84,400 0 0
Kinross Gold Corporation COM 496902404   310 71,800 SH   SOLE   71,800 0 0
Market Vectors Gold Miners ETF COM 57060U100   353 15,200 SH   SOLE   15,200 0 0
Newmont Mining COM 651639106   3,462 92,276 SH   SOLE   92,276 0 0
Pan American Silver Corp. COM 697900108   1,320 84,750 SH   SOLE   84,750 0 0
Sprott Physical Gold Trust ETF COM 85207H104   2,274 214,752 SH   SOLE   214,752 0 0
Sprott Physical Silver Trust E COM 852075107   172 27,150 SH   SOLE   27,150 0 0
Wheaton Precious Metals (Silve COM 828336107   1,807 81,650 SH   SOLE   81,650 0 0
Yamana Gold, Inc. COM 98462Y100   663 212,575 SH   SOLE   212,575 0 0