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Last month, as I was already struggling to repair my purple gears and heal my wounds, I made the decision to invest in Armoury level 6 instead of buying better purple armor gears for my warriors and I don't regret it as I make more money now than before the update, enough to pay all repairs and healing (and achievements ) and even have money left to buy a few green armor gears that are better than my outdated purple ones !
In fact, it's probably the best long-term strategic decision I made for my stable and I recommend everyone who can afford to do so if this money problem is not solved..
You hit it on the head, if you plan on running around in all purples, the best long term decision for your stable is to upgrade the armory. Personally I find it to be a bargain and an easy decision to make seeing as it works on all your gladiators forever. I'm only on level 5/6 and I rarely have gold problems.