Report of Independent Registered Public Accounting Firm

To the Board of Trustees and Shareholders of Franklin Gold and Precious
Metals Fund

In planning and performing our audits of the financial statements of
Franklin Gold and Precious Metals Fund (the ?Fund?) as of and for the
year ended July 31, 2020, in accordance with the standards of the Public
Company Accounting Oversight Board (United States) (PCAOB), we
considered the Fund?s internal control over financial reporting, including
controls over safeguarding securities, as a basis for designing our
auditing procedures for the purpose of expressing our opinion on the
financial statements and to comply with the requirements of Form N-
CEN, but not for the purpose of expressing an opinion on the
effectiveness of the Fund?s internal control over financial reporting.
Accordingly, we do not express an opinion on the effectiveness of the
Fund?s internal control over financial reporting.

The management of the Fund is responsible for establishing and
maintaining effective internal control over financial reporting. In
fulfilling this responsibility, estimates and judgments by management
are required to assess the expected benefits and related costs of controls.
A company?s internal control over financial reporting is a process
designed to provide reasonable assurance regarding the reliability of
financial reporting and the preparation of financial statements for
external purposes in accordance with generally accepted accounting
principles. A company?s internal control over financial reporting includes
those policies and procedures that (1) pertain to the maintenance of
records that, in reasonable detail, accurately and fairly reflect the
transactions and dispositions of the assets of the company; (2) provide
reasonable assurance that transactions are recorded as necessary to
permit preparation of financial statements in accordance with generally
accepted accounting principles, and that receipts and expenditures of the
company are being made only in accordance with authorizations of
management and directors of the company; and (3) provide reasonable
assurance regarding prevention or timely detection of unauthorized
acquisition, use or disposition of a company?s assets that could have a
material effect on the financial statements.

Because of its inherent limitations, internal control over financial
reporting may not prevent or detect misstatements. Also, projections of
any evaluation of effectiveness to future periods are subject to the risk
that controls may become inadequate because of changes in conditions,
or that the degree of compliance with the policies or procedures may
deteriorate.

A deficiency in internal control over financial reporting exists when the
design or operation of a control does not allow management or
employees, in the normal course of performing their assigned functions,
to prevent or detect misstatements on a timely basis. A material
weakness is a deficiency, or a combination of deficiencies, in internal
control over financial reporting, such that there is a reasonable
possibility that a material misstatement of the company?s annual or
interim financial statements will not be prevented or detected on a timely
basis.

Our consideration of the Fund?s internal control over financial reporting
was for the limited purpose described in the first paragraph and would
not necessarily disclose all deficiencies in internal control over financial
reporting that might be material weaknesses under standards established
by the PCAOB. However, we noted no deficiencies in the Fund?s internal
control over financial reporting and its operation, including controls over
safeguarding securities, that we consider to be a material weakness as
defined above as of July 31, 2020.

This report is intended solely for the information and use of the Board of
Trustees of Franklin Gold and Precious Metals Fund and the Securities
and Exchange Commission and is not intended to be and should not be
used by anyone other than these specified parties.


/s/PricewaterhouseCoopers LLP
San Francisco, California
September 21, 2020