Originally Posted by yosithezet
I would never blow the points for a business seat though. I've only sat in business on "last-minute upgrades" which for the HKG-TLV route is 100 Matmid points for each direction. That said I should be saving them for free tickets to NA for the family rather than pampering myself.
Being gold you have a good chance of a last minute upgrade, but I believe the OP is not a Gold member (unless I am mistaken) and therefore the chances of him being upgraded are extremely slim.
If I did not have that many points and did not have much travel planed I would definitely blow points on Business class on a long flight like this one, but then it really does depend on what you are saving your points for and saving them for a family trip is always good.