just read following article from guy who has its own company (MNGGF on pinksheets, Fleckeinstein being one of board member) in Mongolia:
http://adventuresincapitalism.com/post/2....
no other economy in the world is going to see such growth in next ten years.
you can also wait out the trend in fixed income with yields around 14 percent as of right now.
downside risk: China suddenly decided that Mongolia could be next Tibet.
also Togrog is going to be commodity currency mostly.

The Mongols were traditionally tributary to the Qing emperors. In 1911, when the Chinese Empire collapsed, they declared their independence. By the early 1920s Outer Mongolia became effectively independent, through Inner Mongolia remained Chinese - as it still is. Within a few years, Outer Mongolia fell under Soviet control. Traditionally, Mongolia has been suspicious of Chinese intentions toward them (no doubt encouraged by the Soviets), but the People's Republic of China recognises Mongol independence and the two countries are important trading partners.