Until gold in crpg is linked to strategus, I don't see the point in having so much. I've gone as high as around 250k but I had to wear shit forever to get it. Since I've basically bought everything I want to buy, I've found a happy medium at 50k. If I go below a certain amount, I wear crap til I get back to 50k. Then I wear my favorite stuff. It lets me wear good stuff every few days instead of like a month of cloth for a week of plate.
I pretty much just did this last week.
I was almost bankrupt, gold was around 4k. I decided to get something cheap, the Studded Leather coat, and a mail coif.
After some days, I managed to earn 60k+, without heavy grinding, I just played for fun.
Also my gear isn't Milanese, just Mail and Plate, Faceplate, etc. So I can pay for it from a larger budget just fine, I won't lose cash.