I have contemplated this question, a lot of the burls I deal with are very dry, and yes when roughing the chips can be very hot, and uncomfortable. I also worked in manufacturing (meat packing plant) with tons of dangerous equipment. Those rules that were given earlier are there for a reason, I don't wear gloves, the risk is too great for me. I was a chef for many years so maybe the hot chips are just bearable to my already beaten hands but... the idea of (in a brief lapse of judgement) a portion of the glove getting pinched between the workpiece, tool rest and in turn having your hand drawn between the two is an ugly, and realistic one, especially since I am not an "experienced turner".
Jewelry around machinery is ALWAYS a bad idea, having your wedding ring crushed around your finger is by far the least of your worries. Your finger WILL come off of your hand before that happens with rotating machinery. Being drawn into a machine or having an amputation by brute force has and does happen. I'd make sure if you wear gloves they are skin tight, to minimize the risk, I personally have decided it isn't for me.
Wrapping anything (loose rag or sandpaper) around a body part or the workpiece is a dangerous practice, and eventually it might bite you. When I apply a finish on the lathe, it is with a small rag (maybe 2" square) held only between two fingers, Using a large rag is asking for trouble definitely! Be careful Y'all, I don't want any creekers getting hurt, you all inspire me!
“I am enough of an artist to draw freely upon my imagination. Imagination is more important than knowledge. Knowledge is limited. Imagination encircles the world.” ~ Albert Einstein