Here's where we really get some cool stuff goin' on. The Layer styles/FX are quite unlimited...there's just so many options that you can produce. Follow along exactly here if you want. Use these same settings...choose Bevel & Emboss from the first icon 'Add a layer style' on the lower left of the Layers palette. In the dialog box, use these settings.
Now go to the 'gloss contour' and choose 'ring' as shown.
You can add a basic drop shadow if you want. We'll be adding a black stroke which will overpower it but that's always another option you can even leave on if you want.
With black as your fill color for the drop shadow, try some different contours (such as 'ring' again). It creates this nice effect.
Now try 'Sawtooth 1' the lower right hand contour and see the platinum effect it creates around the gold. Get used to this idea of experimenting with the layer styles & FX.
Now try this depth on the inner bevel for bevel and emboss on 'smooth'. This will create a sharper edge which we are looking for.
Lookin' good Hollywood.
Feel free to try out Chisel Hard for technique also. Get that goldbar effect going on...
Now try changing the 'depth' and 'size' of the inner bevel.
Note how the bevel distributes itself into a really cool text effect. Can't you just swear you've seen this on at least one 007 movie poster?!
