| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 2,750 | 2,750 | 0 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| 1,000 SH. JEFFERIES FINL GROUP INC | 38,640 | 38,800 |
| 1,200 SH. COMPANIA DE MINAS BUENA-VENTURA | 16,648 | 8,784 |
| 1,200 SH. ISHARES SILVER TRUST | 20,726 | 25,812 |
| 1,307.029 SH. EQUINOR ASA | 259 | 34,417 |
| 1,500 SH. GOLD FIELDS LTD | 26,131 | 16,485 |
| 1,575 SH. PHILLIPS 66 | 120,344 | 114,125 |
| 1,700 SH. SILVERCORP METALS | 21,564 | 6,392 |
| 1,850 SH. KAYNE ANDERSON MLP | 40,715 | 14,412 |
| 137 SH. MARKET VECTORS JR GOLD MINERS | 20,499 | 5,744 |
| 17,372 SH. SPROTT PHYSICAL GOLD ETF | 152,342 | 249,462 |
| 17,707 SH. HELIX ENERGY | 208,959 | 55,246 |
| 181 SH. OCCIDENTAL PETE CORP | 7,454 | 4,920 |
| 2,200 SH. PETROLEO BRASILEIRO | 116,506 | 24,156 |
| 2,250 SH. NOVAGOLD RES INC | 22,500 | 15,435 |
| 200 SH. NESTLE ADR | 23,293 | 27,973 |
| 225 SH. ORACLE CORP | 14,596 | 19,622 |
| 25 SH. SPECTRUM BRANDS HLDGS INC | 2,470 | 2,543 |
| 250 SH. VANGUARD WHITEHALL FDS HIGH DIV | 22,653 | 28,028 |
| 252.132 SH. PETROCHINA CO LTD | 48,667 | 11,147 |
| 3,000 SH. WOODSIDE PETROLEUM | 129,750 | 47,730 |
| 3,700 SH. MICROSOFT CORP | 254,062 | 1,053,500 |
| 300 SH. SEIMENS | 17,060 | 25,980 |
| 300 SH. STARBUCKS CORP | 9,873 | 70,182 |
| 325 SH. CUSHING MLP TOTAL RETN | 46,343 | 9,913 |
| 341.049 SH. PROCTER & GAMBLE | 53,873 | 55,789 |
| 397 SH. SIBAYNE STILLWATER LIMITED | 4,814 | 4,978 |
| 4,000 SH. CONTROLOLADORA COMERCIAL MEXICANA | 12,538 | 0 |
| 4,000 SH. LA COMER SAB DE CV ISIN | 1,585 | 7,195 |
| 400 SH. CONOCO PHILLIPS | 28,044 | 28,872 |
| 400 SH. FRANCO NEV CORP | 54,196 | 55,316 |
| 500 SH. AGNICO EAGLE MINES LTD | 35,745 | 26,570 |
| 500 SH. BP PLC SPONS ADR | 19,798 | 13,315 |
| 500 SH. MARKET VECTORS GOLD MINERS | 28,223 | 16,015 |
| 575 SH. WHEATON PRECIOUS METALS CORP | 24,328 | 24,685 |
| 6,600 SH. SPROTT PHYSICAL GOLD & SILVER | 93,965 | 117,084 |
| 790 SH. SPDR GOLD TRUST | 38,803 | 135,058 |
| 800 SH. MARKET VECTORS AGRIBUSINESS | 40,214 | 76,336 |
| 800 SH. RIO TINTO PLC | 45,648 | 53,552 |
| 985 SH. ONEOK, INC. | 66,405 | 57,879 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| 1,250 SH. DCP MIDSTREAM PARTNERS | AT COST | 7,424 | 34,350 |
| 2,775 SH. CHENIERE ENERGY PARTNERS | AT COST | 5,870 | 117,216 |
| 294 SH. MARTIN MIDSTREAM PARTNERS | AT COST | 603 | 782 |
| 800 SH. MESABI TRUST | AT COST | 11,846 | 21,126 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| CHARITABLE CONTRIBUTIONS | 4 | 0 | 0 | |
| INVESTMENT FEES | 2,060 | 2,060 | 0 | |
| NONDEDUCTIBLE EXPENSES - PARTNERSHIPS | 48 | 0 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| OTHER INCOME FROM PARTNERSHPS | -2 | -2 | -2 |
| ROYALTY INCOME | 2,288 | 2,288 | 2,288 |
| SECTION 1231 GAIN/LOSS FROM PASSTHROUGHS | -56 | -56 | -56 |
| UNRELATED BUSINESS INCOME FROM PUBLICLY TRADED PARTNERSHIPS | -5,651 | 0 | -5,651 |
| Description | Amount |
|---|---|
| PRIOR PERIOD ADJUSTMENT | 491,482 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAXES | 1,153 | 1,153 | 0 | |
| EXCISE TAXES | 385 | 0 | 0 |