To answer the original question: yes, and in a good way.
Since the purpose of the game is enjoyment, I prefer to do the things I enjoy and skip the rest. Farming gold is one of the things I would rather pay to skip, specially since it's extremely inefficient compared to making money IRL. In either case you have worked for your gold in some way.
As for impressing people with gear or titles, no one will know how you got your stuff anyway. Even if something is raid-only, you could have paid for someone to carry you through the raid until you got what you wanted from it. And for everyone who is impressed by your shiny gear, there is someone who will think you're a no-life for having it.
I play to fulfil goals that I set for myself; achievements, crafting gear, coming up with fun builds etc. It's OK to only do the fun parts.