That's not quite accurate. Gold filled means the object has a layer of gold on the outside, and is filled on the inside with a base metal. It is designated by two numbers, like 1/20 12K. The first number, 1/20, means that the gold layer on the outside makes up 1/20 of the total weight of the object. The 12K indicates that the outer layer of gold is 12 karat. In this case, the gold layer is 50% gold, but the overall gold content of the object would be 1/20 of 50%, or about 1/40 of the total weight (about 2.5%). There are better variations like 1/10 14K, and there are lesser variations like 1/30 10K.the term "gold filled" means that the "gold filled" layer only has to be at least 1/20th gold. that's 1k ... or less. CAVEAT EMPTOR.
The caution I always give is that since the gold layer is on the outside of the piece, it is the first material to be worn away, so the overall gold content decreases with wear and use.
Dave