UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: December 31, 2011 Check here if Amendment [ ]; Amendment Number: This Amendment (Check only one): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: ASA Gold and Precious Metals Limited Address: 400 S. El Camino Real, Suite 710, San Mateo, CA 94402-1708 Form 13F File Number: 28-11034 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Rodney D. Yee Title: Chief Operating Officer, Chief Financial Officer & Treasurer Phone: 650-376-3135 Signature, Place, and Date of Signing: /s/ RODNEY YEE SAN MATEO, CA FEBRUARY 2, 2012 ---------------------------- ----------------------------- ------------------- [Signature] [City, State] [Date] Report Type (Check only one): [X] 13F HOLDINGS REPORT.(Check here if all holdings of this reporting manager are reported in this report.) [ ] 13F NOTICE. (Check here if no holdings reported in this report, and all holdings are reported by other reporting manager(s).) [ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 16 Form 13F Information Table Value Total: $312,091 (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13f file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. [If there are no entries in this list, state "NONE" and omit the column headings and list entries.] None FORM 13F INFORMATION TABLE COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 -------- -------- -------- -------- -------- -------- -------- -------- TITLE VALUE SHARES/ SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ------------------------------------------------------------------------------------------------------------------------------------ Agnico-Eagle Mines Ltd COM 008474108 16,500 454,300 SH Sole 454,300 Barrick Gold Corp COM 067901108 56,563 1,250,000 SH Sole 1,250,000 Compania de Minas Sponsored Buenaventura ADR 204448104 34,851 909,000 SH Sole 909,000 Eldorado Gold Corp. COM 284902103 8,912 650,000 SH Sole 650,000 ETFS Palladium Trust Sh Ben Int 26923A106 2,583 40,000 SH Sole 40,000 ETFS Platinum Trust SH Ben Int 26922V101 1,378 10,000 SH Sole 10,000 Freeport-McMoran Copper & Gold COM 35671D857 3,679 100,000 SH Sole 100,000 Franco-Nevada Corp. COM 351858105 4,745 125,000 SH Sole 125,000 Goldcorp Inc. New COM 380956409 47,896 1,082,400 SH Sole 1,082,400 IAMGOLD Corp COM 450913108 9,510 600,000 SH Sole 600,000 Kinross Gold COM Corp 496902404 15,105 1,325,000 SH Sole 1,325,000 Lake Shore Gold Corp. COM 510728108 1,879 1,500,000 SH Sole 1,500,000 Newmont Mining Corp COM 651639106 31,227 520,368 SH Sole 520,368 NovaGold COM 66987E206 12,594 1,485,168 SH Sole 1,485,168 Res Inc. Randgold ADR 752344309 50,509 494,700 SH Sole 494,700 Res Ltd Royal Gold Inc. COM 780287108 14,160 210,000 SH Sole 210,000