Molok's Titanium Breastplate

This is the ancient breastplate from the goblin king Molok.  The
history of how it managed to fall into your hands will remain forever
unknown.  Molok was the mightiest of the goblin kings and his great
power was attributed to this armor.  It was remarkable in the goblin
legends because it never rusted; this was quite some accomplishment
for any goblin armor.  Similarly it is remarkably comfortable and it
was noted that King Molok wore it at all times, even during sleep.
This item is bound to you.
If bound, this item has a chance to stick with you over boots.
It has a magical glow about it.
You must be level 50 to wear this.
It doesn't look too heavy.