I just noticed something. Tormund's armbands are old and have been passed down from father to son. Many readers including myself have wondered what is going on with those armbands. Tormund is one of the few wildling we see wearing adornments, especially gold.
Now here is where I realized we don't really see much gold north of the wall. The only other mention of gold beyond the wall is a few golden torques given to the Night's Watch and of course the so-called horn of winter (yes, s