I might also add that velvet looks to most untrained eyes as a very bad ich infestation and there are strains that don't show any spots but attack the gills leading to quick death, swimming in to powerheads, lethargy, hiding from light, loss of appetite, breathing heavily, being cryptic in general, blotches of white or discolorong (particularly in Angels) which I assume is from gill damage (not getting enough oxygen), etc.
I've never seen the gold sheen in any velvet case, although I don't dispute its existence it may be my lighting in my tanks and qt. I've rarely ever seen the velvety appearance on a fish and when I do it's often 1-3 hours or less from death at that point.