Smith Affiliated Capital 13F-HR Quarterly holdings report by institutional manager

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
Expires:	Oct 31, 2018
Estimated average burden
hours per response:		23.8

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
SPROTT PHYSICAL GOLD TRUST	a-shares	85207H104	76,640,146	7,573,137	PRN		SOLE		0	0	7,573,137
CENTRAL FD CDA LTD	a-shares	153501101	84,314,064	7,032,032	PRN		SOLE		0	0	7,032,032
WELLS FARGO & CO 7.980 3/29/49	a-shares	949746PM7	517,450	500,000	PRN		SOLE		0	0	500,000
BANK OF NEW YORK 4.950 12/29/49	a-shares	064058AD2	499,375	500,000	PRN		SOLE		0	0	500,000
AMERICAN EXPRESS 5.200 5/29/49	a-shares	025816BJ7	473,125	500,000	PRN		SOLE		0	0	500,000
STATE STREET COR 5.250 12/29/49	a-shares	857477AQ6	506,300	500,000	PRN		SOLE		0	0	500,000
JPMORGAN CHASE & 7.900 4/29/49	a-shares	46625HHA1	500,000	500,000	PRN		SOLE		0	0	500,000
BNSF FUNDING TRU 6.613 12/15+55	a-shares	05567SAA0	180,360	167,000	PRN		SOLE		0	0	167,000
LEXAM VG GOLD INC	a-shares	52886U103	7,701	57,000	PRN		SOLE		0	0	57,000
AGRITEK HLDGS INC	a-shares	00856J103	155	50,000	PRN		SOLE		0	0	50,000
MCEWEN MIN	a-shares	58039P107	118,723	48,657	PRN		SOLE		0	0	48,657
WELLS FARGO & COMPANY	a-shares	949746PM7	690,950	26,500	PRN		SOLE		0	0	26,500
SOUTHERN COMPANY	a-shares	842587107	666,852	24,400	PRN		SOLE		0	0	24,400
PUBLIC STORAGE	a-shares	74460W800	615,360	24,000	PRN		SOLE		0	0	24,000
THE CHARLES SCHWAB CORPORATION	a-shares	808513402	593,550	22,500	PRN		SOLE		0	0	22,500
SCE TRUST V	a-shares	674215108	506,350	19,000	PRN		SOLE		0	0	19,000
U.S. BANCORP	a-shares	35671D857	500,140	17,000	PRN		SOLE		0	0	17,000
ANNALY CAP MGMT INC	a-shares	035710805	151,280	12,000	PRN		SOLE		0	0	12,000
NAVIOS MARITIME PARTNERS L P	a-shares	41902R103	13,640	11,000	PRN		SOLE		0	0	11,000
ISHARES TR RUSSELL 1000	a-shares	464287622	1,077,049	9,442	PRN		SOLE		0	0	9,442
GENERAL ELECTRIC CO	a-shares	369604103	293,899	9,245	PRN		SOLE		0	0	9,245
OASIS PETE INC NEW	a-shares	674215108	58,240	8,000	PRN		SOLE		0	0	8,000
FREEPORT-MCMORAN, INC.	a-shares	35671D857	62,040	6,000	PRN		SOLE		0	0	6,000
CITIGROUP INC.	a-shares	172967341	164,160	6,000	PRN		SOLE		0	0	6,000
HATTERAS FINANCIAL CORP.	a-shares	41902R400	116,250	5,000	PRN		SOLE		0	0	5,000
AT&T INC	a-shares	00206R102	156,680	4,000	PRN		SOLE		0	0	4,000
MORGAN STANLEY	a-shares	380956409	108,560	4,000	PRN		SOLE		0	0	4,000
GOLDCORP INC NEW	a-shares	92343V104	57,227	3,526	PRN		SOLE		0	0	3,526
VERIZON COMMUNICATIONS INC	a-shares	28249C105	183,872	3,400	PRN		SOLE		0	0	3,400
800 COMM INC	a-shares	85207K107	97	3,345	PRN		SOLE		0	0	3,345
SPROTT PHYSICAL SILVER TR	a-shares	025537101	18,630	3,000	PRN		SOLE		0	0	3,000
AMERICAN ELEC PWR INC	a-shares	57061R544	179,280	2,700	PRN		SOLE		0	0	2,700
MARKET VEC	a-shares	20825C104	73,719	2,647	PRN		SOLE		0	0	2,647
CONOCOPHILLIPS	a-shares	110122108	104,702	2,600	PRN		SOLE		0	0	2,600
BRISTOL MYERS SQUIBB CO	a-shares	060505682	147,499	2,309	PRN		SOLE		0	0	2,309
BANK OF AMERICA CORPORATION	a-shares	844741108	332,390	2,245	PRN		SOLE		0	0	2,245
SOUTHWEST AIRLS CO	a-shares	14309L102	92,243	2,059	PRN		SOLE		0	0	2,059
CARLYLE GROUP L P	a-shares	007924103	33,760	2,000	PRN		SOLE		0	0	2,000
AEGON N.V.	a-shares	14040H709	53,980	2,000	PRN		SOLE		0	0	2,000
CAPITAL ONE FINANCIAL CORPORATIO	a-shares	65339F101	54,320	2,000	PRN		SOLE		0	0	2,000
MFA MORTGAGE INVESTMENTS, INC.	a-shares	165240201	51,020	2,000	PRN		SOLE		0	0	2,000
CHESAPEAKE LODGING	a-shares	369622428	52,540	2,000	PRN		SOLE		0	0	2,000
GENERAL ELEC CAP CORP	a-shares	14040H105	52,520	2,000	PRN		SOLE		0	0	2,000
WINTRUST FINL CORP	a-shares	97650W108	54,391	2,000	PRN		SOLE		0	0	2,000
PNC FINANCIAL SERVICES GROUP INC	a-shares	92823T108	58,240	2,000	PRN		SOLE		0	0	2,000
VIRNETX HLDG CORP	a-shares	156700106	9,180	2,000	PRN		SOLE		0	0	2,000
QWEST CORPORATION	a-shares	92826C839	51,000	2,000	PRN		SOLE		0	0	2,000
VISA INC	a-shares	247361702	137,664	1,800	PRN		SOLE		0	0	1,800
DELTA AIR LINES INC DEL	a-shares	477143101	82,756	1,700	PRN		SOLE		0	0	1,700
JETBLUE AIRWAYS CORP	a-shares	351858105	35,904	1,700	PRN		SOLE		0	0	1,700
FRANCO NEVADA CORP	a-shares	651639106	135,592	1,700	PRN		SOLE		0	0	1,700
NEWMONT MINING CORP	a-shares	78463V107	45,186	1,700	PRN		SOLE		0	0	1,700
SPDR GOLD TRUST	a-shares	65473P105	191,165	1,625	PRN		SOLE		0	0	1,625
NISOURCE INC	a-shares	198280109	37,696	1,600	PRN		SOLE		0	0	1,600
COLUMBIA P	a-shares	500754106	40,160	1,600	PRN		SOLE		0	0	1,600
KRAFT HEINZ CO /THE	a-shares	780287108	125,696	1,600	PRN		SOLE		0	0	1,600
ROYAL GOLD INC	a-shares	693506107	99,915	1,500	PRN		SOLE		0	0	1,500
PPG INDS INC	a-shares	882508104	160,546	1,440	PRN		SOLE		0	0	1,440
TEXAS INSTRS INC	a-shares	80105N105	82,570	1,438	PRN		SOLE		0	0	1,438
SANOFI	a-shares	191216100	50,200	1,250	PRN		SOLE		0	0	1,250
COCA COLA CO	a-shares	92924F106	56,735	1,223	PRN		SOLE		0	0	1,223
WGL HLDGS INC	a-shares	464288661	82,647	1,142	PRN		SOLE		0	0	1,142
ISHARES BC 3-7 TREASURY BOND	a-shares	742718109	141,694	1,125	PRN		SOLE		0	0	1,125
PROCTER & GAMBLE CO	a-shares	717081103	82,310	1,000	PRN		SOLE		0	0	1,000
PFIZER INC	a-shares	03762U402	29,640	1,000	PRN		SOLE		0	0	1,000
APOLLO COMMERCIAL REAL ESTATE FI	a-shares	87265K102	25,210	1,000	PRN		SOLE		0	0	1,000
TPG SPECIALTY LENDING INC	a-shares	00817Y108	16,130	1,000	PRN		SOLE		0	0	1,000
AETNA INC NEW	a-shares	375558103	110,777	986	PRN		SOLE		0	0	986
GILEAD SCIENCES INC	a-shares	26441C204	82,674	900	PRN		SOLE		0	0	900
DUKE ENERGY CORP NEW	a-shares	949746101	70,192	870	PRN		SOLE		0	0	870
WELLS FARGO & CO NEW	a-shares	25179M103	38,688	800	PRN		SOLE		0	0	800
DEVON ENERGY CORP NEW	a-shares	037833100	21,952	800	PRN		SOLE		0	0	800
APPLE INC	a-shares	910047109	81,743	750	PRN		SOLE		0	0	750
UNITED CONTINENTAL HLDGS	a-shares	031162100	44,895	750	PRN		SOLE		0	0	750
AMGEN INC	a-shares	913017109	105,701	705	PRN		SOLE		0	0	705
UNITED TECHNOLOGIES CORP	a-shares	37045V100	68,869	688	PRN		SOLE		0	0	688
GENERAL MTRS CORP	a-shares	494368103	21,215	675	PRN		SOLE		0	0	675
KIMBERLY CLARK CORP	a-shares	25243Q205	83,934	624	PRN		SOLE		0	0	624
DIAGEO P L C	a-shares	828336107	64,722	600	PRN		SOLE		0	0	600
SILVER WHEATON CORP	a-shares	189054109	12,930	600	PRN		SOLE		0	0	600
CLOROX CO DEL	a-shares	194162103	75,636	600	PRN		SOLE		0	0	600
COLGATE PALMOLIVE CO	a-shares	025816109	42,390	600	PRN		SOLE		0	0	600
AMERICAN EXPRESS CO	a-shares	94106L109	35,305	575	PRN		SOLE		0	0	575
WASTE MGMT INC DEL	a-shares	773903109	32,450	550	PRN		SOLE		0	0	550
ROCKWELL AUTOMATION INC	a-shares	704326107	60,515	532	PRN		SOLE		0	0	532
PAYCHEX INC	a-shares	826176109	27,005	500	PRN		SOLE		0	0	500
SIEBERT FINL CORP	a-shares	233331107	650	500	PRN		SOLE		0	0	500
DTE ENERGY CO	a-shares	752344309	45,330	500	PRN		SOLE		0	0	500
RANDGOLD RES LTD	a-shares	539830109	45,405	500	PRN		SOLE		0	0	500
LOCKHEED MARTIN CORP	a-shares	20030N101	110,750	500	PRN		SOLE		0	0	500
COMCAST CORP NEW	a-shares	594918104	30,540	500	PRN		SOLE		0	0	500
MICROSOFT CORP	a-shares	097023105	27,615	500	PRN		SOLE		0	0	500
BOEING CO	a-shares	008474108	50,776	400	PRN		SOLE		0	0	400
AGNICO EAGLE MINES LTD	a-shares	009158106	18,796	400	PRN		SOLE		0	0	400
AIR PRODS & CHEMS INC	a-shares	099724106	57,620	400	PRN		SOLE		0	0	400
BORGWARNER INC	a-shares	438516106	15,360	400	PRN		SOLE		0	0	400
HONEYWELL INTL INC	a-shares	774341101	42,579	380	PRN		SOLE		0	0	380
ROCKWELL COLLINS INC	a-shares	459200101	29,507	320	PRN		SOLE		0	0	320
INTERNATIONAL BUSINESS MACHS	a-shares	G29183103	45,435	300	PRN		SOLE		0	0	300
EATON CORP	a-shares	278865100	17,141	274	PRN		SOLE		0	0	274
ECOLAB INC	a-shares	883556102	27,880	250	PRN		SOLE		0	0	250
THERMO FISHER SCIENTIFIC INC	a-shares	501797104	35,398	250	PRN		SOLE		0	0	250
L BRANDS,	a-shares	904784709	19,318	220	PRN		SOLE		0	0	220
UNILEVER N V	a-shares	718172109	8,936	200	PRN		SOLE		0	0	200
PHILIP MORRIS INTL INC	a-shares	855244109	14,717	150	PRN		SOLE		0	0	150
STARBUCKS CORP	a-shares	G5960L103	8,955	150	PRN		SOLE		0	0	150
MEDTRONIC PLC	a-shares	464287226	10,725	143	PRN		SOLE		0	0	143
ISHARES TR	a-shares	88579Y101	13,744	135	PRN		SOLE		0	0	135
3M CO	a-shares	911312106	20,829	125	PRN		SOLE		0	0	125
UNITED PARCEL SERVICE INC	a-shares	761525609	10,547	100	PRN		SOLE		0	0	100
REVLON INC	a-shares	09062X103	3,641	100	PRN		SOLE		0	0	100
BIOGEN INC	a-shares	02079K107	26,032	100	PRN		SOLE		0	0	100
ALPHABET INC CLASS A	a-shares	02079K107	30,516	40	PRN		SOLE		0	0	40
GOOGLE INC CL C	a-shares	38259P706	29,798	40	PRN		SOLE		0	0	40