I have 43lvl, and still 50silver, which is half gold and horse cost 2 with 1g on skill. Something is not right here.

Not right how? Well the market on good drops in currently flawed in AoC, no drops being Bound on Equip, or actually not bound at all.

Which makes people sell the equipment they were formerly using at the trader, which overflows the market due to lack of any way of puting items out of the market, while a steady income is kept as items keep dropping for people.

That's why you get a better price for most drops and crafted gear at the vendor than at the trader atm, which sucks huge balls, actually.

I guess they are going to do something with it sometime.

But I actually like the idea that not everyone can afford a horse asap. This, and truly "golden" value of gold make this game fell somewhat realistic.