| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 3,000 | 3,000 | 0 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| 1,307.029 SH. EQUINOR ASA | 257 | 204,932 |
| 117 SH. VITESSE ENERGY INC | 1,097 | 2,925 |
| 4,000 SH. LA COMER SAB DE CV ISIN | 1,585 | 6,310 |
| 25 SH. SPECTRUM BRANDS HLDGS INC | 2,470 | 2,112 |
| 397 SH. SIBAYNE STILLWATER LIMITED | 4,814 | 1,310 |
| 100 SH. ISHARES MSCI SOUTH KOREA EFT | 6,427 | 5,089 |
| 160 SH. FREEPORT-MCMORAN INC | 6,853 | 6,093 |
| 181 SH. OCCIDENTAL PETE CORP | 7,454 | 8,506 |
| 390 SH. ABRDN GOLD ETF TR ABRDN PHYSICAL GOLD | 7,710 | 9,770 |
| 600 SH. STARBUCKS CORP | 9,873 | 54,750 |
| 4,000 SH. CONTROLOLADORA COMERCIAL MEXICANA | 12,538 | 0 |
| 225 SH. ORACLE CORP | 14,596 | 37,494 |
| 1,200 SH. COMPANIA DE MINAS BUENA-VENTURA | 16,648 | 13,824 |
| 300 SH. SEIMENS | 17,060 | 29,004 |
| 500 SH. BP PLC SPONS ADR | 19,798 | 14,780 |
| 137 SH. VANCECK VECTORS JR GOLD MINERS | 20,499 | 5,857 |
| 1,200 SH. ISHARES SILVER TRUST | 20,726 | 31,596 |
| 1,700 SH. SILVERCORP METALS | 21,564 | 5,100 |
| 2,250 SH. NOVAGOLD RES INC | 22,500 | 7,493 |
| 200 SH. NESTLE ADR | 23,293 | 16,340 |
| 123 SH. SPDR GOLD TR GOLD SHS | 23,582 | 29,782 |
| 1,500 SH. GOLD FIELDS LTD | 26,131 | 19,800 |
| 400 SH. CONOCO PHILLIPS | 28,044 | 39,668 |
| 500 SH. VANCECK VECTORS GOLD MINERS | 28,223 | 16,955 |
| 315 SH. VANGUARD WHITEHALL FDS HIGH DIV | 29,912 | 40,191 |
| 1,000 SH. JEFFERIES FINL GROUP INC | 37,537 | 78,400 |
| 790 SH. SPDR GOLD TRUST | 38,803 | 191,283 |
| 800 SH. VANCECK VECTORS AGRIBUSINESS | 40,214 | 51,616 |
| 1,850 SH. KAYNE ANDERSON MLP | 40,715 | 23,514 |
| 650 SH. CUSHING MLP TOTAL RETN | 44,265 | 14,456 |
| 800 SH. RIO TINTO PLC | 45,648 | 47,048 |
| 3414 SH. ALAMOS GOLD INC | 22,053 | 62,962 |
| 341.049 SH. PROCTER & GAMBLE | 53,873 | 57,177 |
| 400 SH. FRANCO NEV CORP | 54,196 | 47,036 |
| 900 SH. AGNICO EAGLE MINES LTD | 57,737 | 70,389 |
| 1275 SH. WHEATON PRECIOUS METALS CORP | 59,048 | 71,706 |
| 985 SH. ONEOK, INC. | 64,114 | 98,894 |
| 6,600 SH. SPROTT PHYSICAL GOLD & SILVER | 93,965 | 156,816 |
| 2,200 SH. PETROLEO BRASILEIRO | 116,506 | 28,292 |
| 3,000 SH. WOODSIDE PETROLEUM | 129,750 | 46,800 |
| 17,372 SH. SPROTT PHYSICAL GOLD ETF | 264,280 | 461,865 |
| 2,275 SH. PHILLIPS 66 | 193,221 | 259,191 |
| 3,700 SH. MICROSOFT CORP | 254,062 | 1,559,550 |
| 27,938 SH. HELIX ENERGY | 280,269 | 260,382 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| 294 SH. MARTIN MIDSTREAM PARTNERS | AT COST | 531 | 1,055 |
| 800 SH. MESABI TRUST | AT COST | 9,846 | 22,488 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| CHARITABLE CONTRIBUTIONS | 11 | 0 | 0 | |
| INVESTMENT FEES | 152 | 152 | 0 | |
| NONDEDUCTIBLE EXPENSES - PARTNERSHIPS | 10 | 0 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| ROYALTY INCOME | 4,758 | 4,758 | 4,758 |
| SECTION 1231 GAIN/LOSS FROM PASSTHROUGHS | -17 | -17 | -17 |
| UNRELATED BUSINESS INCOME FROM PUBLICLY TRADED PARTNERSHIPS | -2,191 | 0 | -2,191 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAXES | 2,238 | 2,238 | 0 | |
| EXCISE TAXES | 2,590 | 0 | 0 |