Anyways, I just got to the town where I can get Vabbian armor and did the Math.
To get the armor I need:

25 Platinum - 25,000 gold
16 Rubies, each Ruby is 9,500 gold
16 Sapphires, each Sapphire is 9,500 gold
which sums up to
32 Jewels - 304,000 gold
200 Tanned Hide Squares - Got 'em.
32 Elonian Leather Squares, each square is 350 gold - 11,200 gold total

Which would sum up to a total amount of 340,200 gold and I thought... what the fuck.