I have more money than I can handle, I could buy a stack of Bolts of Mass Destruction since armor is worth a reasonable amount (or just refined bars). The problem is, smithing is worthless past level 5, and starting a little earlier if you get the drops. The bonuses to traps and damage are nice, but the core skill itself will not give you anything worth wearing that you can't find something better of just lying around at that point. I maxed it out, found some good recipes but now I'm basically hoarding bars on the off chance it's worth it, which checking the wiki, doesn't look promising. This is mainly because there is no way to really enhance armor other than anvils, and past that level all I really need to increase are my resistance stats and get better weapons. There is almost NO resistance armor whatsoever and I found a better weapon on dungeon level 3, 4 and 5 than the top tier weapon you can craft (sword). That's not even getting into shields or chest armor which by the time you can craft it is totally worthless. Helmets and boots are "meh" if you can get them early, but then you're wasting points which are more useful for early battle skills. In short, there should be some type of recipe(s) useful past level 5, because armor absorption and block only go so far. Even if I had to combine it with my alchemy skill that would acceptable (which is ENDLESSLY useful, not sarcastic).