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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AT&T Corp. (New) COM 00206R102 1,730 44,167 SH   SOLE   44,167 0 0
AbbVie, Inc. COM 00287Y109 1,568 17,643 SH   SOLE   17,643 0 0
Abbott Laboratories COM 002824100 996 18,668 SH   SOLE   18,668 0 0
American Express COM 025816109 1,755 19,400 SH   SOLE   19,400 0 0
Anheuser Busch InBev COM 03524a108 906 7,591 SH   SOLE   7,591 0 0
Annaly Mortgage Management, In COM 035710409 189 15,483 SH   SOLE   15,483 0 0
Apple Computer COM 037833100 869 5,638 SH   SOLE   5,638 0 0
Avista (formerly Washington Wa COM 05379B107 352 6,800 SH   SOLE   6,800 0 0
Bristol-Myers Squibb COM 110122108 2,086 32,725 SH   SOLE   32,725 0 0
Bunge Ltd. COM G16962105 1,059 15,250 SH   SOLE   15,250 0 0
CSX Corp. COM 126408103 3,644 67,150 SH   SOLE   67,150 0 0
Chevron Corporation (fmly. Che COM 166764100 1,872 15,932 SH   SOLE   15,932 0 0
Clorox Co. COM 189054109 2,964 22,467 SH   SOLE   22,467 0 0
ConocoPhillips COM 20825C104 819 16,370 SH   SOLE   16,370 0 0
Copart Inc. COM 217204106 1,462 42,550 SH   SOLE   42,550 0 0
DNP Select Income Fund (fmly. COM 23325p104 983 85,644 SH   SOLE   85,644 0 0
Disney (Walt) Holding Co. COM 254687106 2,163 21,945 SH   SOLE   21,945 0 0
Duke Energy COM 264399106 303 3,610 SH   SOLE   3,610 0 0
Duke Realty Corp. (fmly. Duke- COM 264411505 363 12,600 SH   SOLE   12,600 0 0
Edison International (formerly COM 281020107 239 3,100 SH   SOLE   3,100 0 0
Elements Rogers International COM 870297801 72 14,100 SH   SOLE   14,100 0 0
Engie (formerly GDF Suez S.A.) COM 29286D105 377 22,200 SH   SOLE   22,200 0 0
Essex Property Trust COM 297178105 2,070 8,150 SH   SOLE   8,150 0 0
General Electric COM 369604103 354 14,630 SH   SOLE   14,630 0 0
Gilead Sciences, Inc. COM 375558103 1,831 22,600 SH   SOLE   22,600 0 0
HCP, Inc. COM 40414L109 719 25,824 SH   SOLE   25,824 0 0
Hawaiian Electric COM 419870100 1,752 52,517 SH   SOLE   52,517 0 0
Healthcare Services Group, Inc COM 421906108 345 6,400 SH   SOLE   6,400 0 0
Intel Corp. COM 458140100 2,961 77,750 SH   SOLE   77,750 0 0
International Business Machine COM 459200101 391 2,692 SH   SOLE   2,692 0 0
Johnson & Johnson COM 478160104 1,235 9,500 SH   SOLE   9,500 0 0
Kellogg Co. COM 487836108 1,559 25,000 SH   SOLE   25,000 0 0
Kimberly-Clark COM 494368103 1,347 11,450 SH   SOLE   11,450 0 0
Leggett & Platt, Inc. COM 524660107 778 16,300 SH   SOLE   16,300 0 0
Lilly, Eli COM 532457108 1,531 17,900 SH   SOLE   17,900 0 0
Lockheed Martin Corp. COM 539830109 1,541 4,965 SH   SOLE   4,965 0 0
Medical Marijuana, Inc. COM 58463A105 5 60,000 SH   SOLE   60,000 0 0
Merck & Co. COM 589331107 3,433 53,615 SH   SOLE   53,615 0 0
Microchip Technology, Inc. COM 595017104 3,196 35,600 SH   SOLE   35,600 0 0
Microsoft COM 594918104 3,749 50,328 SH   SOLE   50,328 0 0
Omega Healthcare Investors, In COM 681936100 249 7,800 SH   SOLE   7,800 0 0
Open Joint Stock Co. Gazprom COM 368287207 315 75,500 SH   SOLE   75,500 0 0
Oracle Corp. COM 68389X105 1,093 22,600 SH   SOLE   22,600 0 0
Overstock.com COM 690370101 518 17,450 SH   SOLE   17,450 0 0
PG&E Corporation COM 69331C108 707 10,379 SH   SOLE   10,379 0 0
PPG Industries COM 693506107 237 2,182 SH   SOLE   2,182 0 0
Pepsico Inc. COM 713448108 1,702 15,271 SH   SOLE   15,271 0 0
Petroleo Brasileiro S.A. COM 71654v408 226 22,500 SH   SOLE   22,500 0 0
Pfizer Inc. COM 717081103 914 25,596 SH   SOLE   25,596 0 0
Phillips 66 COM 718546104 638 6,960 SH   SOLE   6,960 0 0
Procter & Gamble COM 742718109 14,327 157,477 SH   SOLE   157,477 0 0
Public Storage COM 74460D109 1,706 7,974 SH   SOLE   7,974 0 0
Qualcomm Inc. COM 747525103 706 13,625 SH   SOLE   13,625 0 0
Realty Income Corp. COM 756109104 294 5,133 SH   SOLE   5,133 0 0
Regeneron Pharmaceuticals, Inc COM 75886f107 850 1,900 SH   SOLE   1,900 0 0
Sanofi-Aventis SA COM 80105N105 1,388 27,884 SH   SOLE   27,884 0 0
Senior Housing Properties COM 81721M109 622 31,830 SH   SOLE   31,830 0 0
Southern Company COM 842587107 1,464 29,800 SH   SOLE   29,800 0 0
Starbucks Corp. COM 855244109 1,406 26,175 SH   SOLE   26,175 0 0
Statoil ASA COM 85771p102 655 32,600 SH   SOLE   32,600 0 0
Target Stores COM 87612E106 1,326 22,475 SH   SOLE   22,475 0 0
The Chef's Warehouse COM 163086101 383 19,850 SH   SOLE   19,850 0 0
The Herzfeld Caribbean Basin F COM 42804t106 131 18,050 SH   SOLE   18,050 0 0
Total S.A. ADR COM 89151E109 1,159 21,650 SH   SOLE   21,650 0 0
Unilever PLC COM 904767704 1,740 30,015 SH   SOLE   30,015 0 0
United Parcel Service COM 911312106 1,318 10,975 SH   SOLE   10,975 0 0
United Technologies COM 913017109 1,308 11,265 SH   SOLE   11,265 0 0
Ventas, Inc. COM 92276F100 1,020 15,661 SH   SOLE   15,661 0 0
Verizon Corporation COM 92343V104 1,225 24,753 SH   SOLE   24,753 0 0
Vestas Wind Systems A/S COM 925458101 736 24,400 SH   SOLE   24,400 0 0
Weyerhaeuser Co. COM 962166104 1,509 44,338 SH   SOLE   44,338 0 0
ASA (Bermuda) Limited COM G3156P103 967 81,430 SH   SOLE   81,430 0 0
Agnico Eagle Miners Limited COM 008474108 974 21,550 SH   SOLE   21,550 0 0
AngloGold Ashanti Ltd. COM 035128206 93 10,000 SH   SOLE   10,000 0 0
Barrick Gold Corporation COM 067901108 293 18,208 SH   SOLE   18,208 0 0
Central Fund of Canada Ltd. COM 153501101 3,007 237,371 SH   SOLE   237,371 0 0
Franco-Nevada Corp. COM 351858105 1,906 24,600 SH   SOLE   24,600 0 0
Freeport McMoRan Inc. COM 35671D857 264 18,806 SH   SOLE   18,806 0 0
Goldcorp, Inc. COM 380956409 1,615 124,587 SH   SOLE   124,587 0 0
Hecla Mining COM 422704106 257 51,107 SH   SOLE   51,107 0 0
IAMGOLD Corporation COM 450913108 500 81,900 SH   SOLE   81,900 0 0
Kinross Gold Corporation COM 496902404 260 61,350 SH   SOLE   61,350 0 0
Market Vectors Gold Miners ETF COM 57060U100 349 15,200 SH   SOLE   15,200 0 0
Newmont Mining COM 651639106 3,471 92,526 SH   SOLE   92,526 0 0
Pan American Silver Corp. COM 697900108 1,423 83,450 SH   SOLE   83,450 0 0
Sprott Physical Gold Trust ETF COM 85207H104 2,328 223,002 SH   SOLE   223,002 0 0
Sprott Physical Silver Trust E COM 852075107 197 31,350 SH   SOLE   31,350 0 0
Wheaton Precious Metals (Silve COM 828336107 1,618 84,750 SH   SOLE   84,750 0 0
Yamana Gold, Inc. COM 98462Y100 532 200,675 SH   SOLE   200,675 0 0