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
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
Berkshire Hathaway Hld B Common Stock 084670702 17,664,669 157,833 SH   SOLE 0 157,833 0 0
Berkshire Hathaway Inc. CL "A" Common Stock 084670108 2,529,000 15 SH   SOLE 0 15 0 0
Agnico Eagle Common Stock 268648102 413,100 15,000 SH   SOLE 0 15,000 0 0
Credit Acceptance Corporation Common Stock 225310101 12,354,090 117,602 SH   SOLE 0 117,602 0 0
D R Horton Inc Common Stock 23331A109 9,149,336 429,950 SH   SOLE 0 429,950 0 0
Range Resources Corp Com Common Stock 75281A109 5,112,992 68,010 SH   SOLE 0 68,010 0 0
Novagold Resources Inc New Common Stock 66987E206 740,880 294,000 SH   SOLE 0 294,000 0 0
ETFS Metal Securities Austrailia LTD Redeemable Pref SHS Common Stock Q3635T113 316,632 2,672 SH   SOLE 0 2,672 0 0
Vodaphone Group Plc ADR Common Stock 92857W209 1,568,763 54,170 SH   SOLE 0 54,170 0 0
Maxim Integrated Products Common Stock 57772K101 2,163,507 73,025 SH   SOLE 0 73,025 0 0
Ritchie Bros. Auction Common Stock 767744105 1,351,710 65,300 SH   SOLE 0 65,300 0 0
Lazard Ltd Pfd Common Stock G54050102 2,413,950 71,250 SH   SOLE 0 71,250 0 0
Canadian Natural Resources Common Stock 136385101 351,837 12,450 SH   SOLE 0 12,450 0 0
Duluth Metals Common Stock 26443R100 39,600 30,000 SH   SOLE 0 30,000 0 0
Johnson & Johnson Common Stock 478160104 2,643,252 31,400 SH   SOLE 0 31,400 0 0
Leucadia National Corp Common Stock 527288104 1,521,930 48,500 SH   SOLE 0 48,500 0 0
Goldcorp Inc. Common Stock 380956409 3,906,125 134,185 SH   SOLE 0 134,185 0 0
Ford Motor Company Common Stock 345370860 232,050 15,000 SH   SOLE 0 15,000 0 0
First Solar Inc. Common Stock 336433107 2,639,309 58,900 SH   SOLE 0 58,900 0 0
SWS Group Common Stock 78503N107 59,900 10,000 SH   SOLE 0 10,000 0 0
Central Funds of Canada Common Stock 153501101 312,800 23,000 SH   SOLE 0 23,000 0 0
Enterprise Prods Partners LP Common Stock 293792107 3,315,081 53,340 SH   SOLE 0 53,340 0 0
Portfolio Recovery As. Common Stock 73640Q105 989,755 6,500 SH   SOLE 0 6,500 0 0
SPDR Gold Trust Common Stock 78463V107 4,811,478 35,928 SH   SOLE 0 35,928 0 0
Petaquilla Minerals LTD Common Stock 716013107 10,441 31,640 SH   SOLE 0 31,640 0 0
Transdigm Group Inc. Common Stock 893641100 891,210 6,100 SH   SOLE 0 6,100 0 0
Market Vectors Gold Miners ETF Common Stock 57060U100 205,143 6,954 SH   SOLE 0 6,954 0 0
Dunkin Brands Group IN Common Stock 265504100 5,446,704 127,200 SH   SOLE 0 127,200 0 0
Sprott Physical Gold Trust Common Stock 85207H104 1,152,113 99,750 SH   SOLE 0 99,750 0 0
New Gold, Inc. Common Stock 664535106 2,485,650 365,000 SH   SOLE 0 365,000 0 0
Exxon Mobil Corporation Common Stock 30231G102 1,438,654 15,902 SH   SOLE 0 15,902 0 0
KB Home Common Stock 48666K109 1,085,840 49,000 SH   SOLE 0 49,000 0 0
Schlumberger Common Stock 806857108 1,424,085 19,500 SH   SOLE 0 19,500 0 0
American International Group Common Stock 026874784 4,800,780 107,400 SH   SOLE 0 107,400 0 0