Subject: Text on ribbon design

Hi everybody,

I'm trying to design an emblem resembling a coat of arms in Photoshop CS3. I'm having trouble designing the ribbon with the slogan/text at the bottom of the emblem.
I"ve messed around with designing it as a straight ribbon, placing text on top of it, then trying to curve it with the 'Filter/Distort/Wave' method, but this is not producing the effect I'm after. Could someone perhaps do a tutorial, specifically with regards to these points:

1. Creating a realistic looking curved banner.
   
2. Placing text on top of this banner, thus following the curvature as if it was a printed banner (ie. wrapping text),
   
3. Creating this banner to resemble golden (not just yellow with white, supposedly shiny bits like mine) lace or silk?

I've attached a picture of my old South African coat of arms, as I've probably not explained myself well enough.

Kind regards to all who contribute to this site.