Instuitional Investor - Smith Affiliated Capital Corp.

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Central Fund Canada LtdBOND	CEF	4,573,224	$57,942,748,000	66.99%
2.	Sprott Physical Gold TrustBOND	PHYS	332,705	$3,473,440,000	4.01%
3.	Enterprise Produ 5.250 8BOND		1,910,000	$1,926,713,000	2.22%
4.	Entergy Mississippi Inc.BOND		55,500	$1,384,170,000	1.6%
5.	Us BancorpBOND	USB	1,225,000	$1,335,250,000	1.54%