1oz of gold worth arround 1600$, if btc goes up to 1600$ per bitcoin, everyone will go crazy (me included)
For sure - but also understand that there are over 5 billion ounces of gold in existence and currently only around 10 million bitcoins (with the maximum amount ever to exist less than 21 million).
If bitcoins were to really be valued as being worth the same as gold then that would make 1 btc closer to 1 million USD.
Hehe, that'll be the day. Makes mining at 14 Mh/s seem a lot more worth it right now