Why not? It’s a crazy world… filled with greed!! Bitcoin which is literally worthless without even an object to be touched can hit 119k… why gold cannot??? You just need a convincing salesperson to hot sell it.
To know if it’s truly undervalued, one needs to understand the meaning of intrinsic value of a stock to determine if it’s or not… So got to go thru the company’s report etc etc not just hear say 😃 Agree with some of the comments that China stock should be accumulated with 3-5 years horizon.