I know that iodine/potassium iodide etchants are used to etch gold in the electronics industry. This patent, 3957505, describes it quite well and, as patents go, it is quite instructive. This etchant is expensive but a way to re-generate the chemical is covered in the patent. The assignee of the patent, Bayside Refining, was owned at the time by a man that later became my partner in a silver refining venture in San Jose.
https://docs.google.com/viewer?url=patentimages.storage.googleapis.com/pdfs/US3957505.pdf
Sorry, Lou. I wrote this before I saw your post.
As I am a 25 year user of gold leaf on signs, I would certainly agree with you about how fragile it is. Just to move a sheet from one place to another without tearing it requires a lot of experience. To etch a pattern, a mask (usually photoresist) must be attached to the gold. Unless the gold leaf was first completely secured, with no wrinkles (not easy), to a flat substrate with gold size, etc., there's no way a mask could be applied without ripping up the leaf. Even securing it might not work. Gold leaf averages about .0000035" thick. If you secure a sheet to a glass window, you can dimly see through it. If you carefully ball up a standard 3.375" x 3.375" sheet between your finger and thumb, the resulting ball is like a flyspeck. Sometimes you can't even find the ball, it's so tiny. A sheet weighs about .012g - 12g/1000 sheets. So called "double thick" is about 15g/1000.