So the real question is, does it check the gear you have currently OR does it check for the blizzard equivelent of GS and checks what the highest you have had for that toon?
If it is a simple case of checking your bags and NOT your bank then we could all be running UK or the like every day for hours on end.
I know the second dungeon my sub 3.4k GS DK tank got was PoS