I was actually giving the leeway that the blacksmith is actually specialized in armor, an armorer, whatever. (More murky language, IMO, but whatever.) If that is all you are trying to assert, that he is an armorer, I agree. That is apparently his skill set, and we're not talking about someone who slaps horseshoes onto equines for a living.
The feeling I was getting is people assume he was more than the average armorer. So, I was asking if there is any indication he is significantly more skilled than the norm for those in his trade. Although greater skill would be helpful in getting greater wealth, your statement correlates them directly, as if no other variables were true. Without loading the issue with language I didn't use, like 'scoffed at' and such, can you answer my questions with more than simple assertions? Can you support your one variable, skill derives wealth, statement? Are there no other ways wealth can be acquired? You've recently stated how he's shady, would that be part of how he generates wealth?
(Note: This response applies to Maxperson on the issue of clarifying what we are talking about with his skill set.)