UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 13F

                               FORM 13F COVER PAGE

Report for the Calendar Year or Quarter Ended:  September 30, 2012

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                  NOVEMBER 13, 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:         $345,154 (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    17,084    329,300  SH           Sole                    329,300

Barrick Gold Corp        COM         067901108    52,200  1,250,000  SH           Sole                  1,250,000

Compania de Minas        Sponsored
  Buenaventura           ADR         204448104    35,414    909,000  SH           Sole                    909,000

Eldorado Gold  Corp.     COM         284902103     9,906    650,000  SH           Sole                    650,000

ETFS Palladium  Trust    Sh Ben Int  26923A106     2,514     40,000  SH           Sole                     40,000

ETFS Platinum Trust      SH Ben Int  26922V101     1,633     10,000  SH           Sole                     10,000

Freeport-McMoran
  Copper & Gold          COM         35671D857    11,874    300,000  SH           Sole                    300,000

Franco-Nevada  Corp.     COM         351858105    13,255    225,000  SH           Sole                    225,000

Goldcorp Inc. New        COM         380956409    54,213  1,182,400  SH           Sole                  1,182,400

IAMGOLD Corp             COM         450913108     9,486    600,000  SH           Sole                    600,000

Kinross Gold Corp        COM         496902404    13,528  1,325,000  SH           Sole                  1,325,000

Newmont Mining Corp      COM         651639106    29,146    520,368  SH           Sole                    520,368

NovaCopper  Inc.         COM         66988K102       443    205,861  SH           Sole                    205,861

Randgold Res Ltd         ADR         752344309    54,698    444,700  SH           Sole                    444,700

Royal Gold Inc.          COM         780287108    20,971    210,000  SH           Sole                    210,000

Tahoe Resources Inc.     COM         873868103    18,789    923,200  SH           SOle                    923,200