It is known that Laplacian operators on many fractals have gaps in their spectra. This fact precludes the possibility that a Weyl-type ratio can have a limit and is also a key ingredient in proving that the Fourier series on such fractals can have better convergence results than in the classical setting. In this paper we prove that the existence of gaps is equivalent to the total disconnectedness of the Julia set of the spectral decimation function for the class of fully symmetric p.c.f. fractals, and for self-similar fully symmetric finitely ramified fractals with regular harmonic structure. We also formulate conjectures related to geometry of finitely ramified fractals with spectral gaps, to complex spectral dimensions, and to convergence of Fourier series on such fractals. 2000 Mathematics Subject Classification. Primary 28A80; Secondary 35P05, 35J05. Theorem 2. Under the conditions of the theorem above, there exist gaps in σ(∆) if and only if J R is totally disconnected.This result can be generalized for a larger class of finitely ramified symmetric fractals with weights, and with more elaborate combinatorial structure, but doing so would require dealing with many technical details and auxiliary results which are not available in the existing literature. The main ideas and techniques behind these results come from [3,32,36,46]. One of the newest examples of fractals we consider can be found in [16]. We also give results about the location of gaps which generalize the results in [46].