Famed Investor Marc Faber , who specializes in emerging countries, believes that Mongolia may soon become the Saudi Arabia of Asia, but you can not know for sure.
In coming years, Mongolia should focus on infrastructure must build bridges, roads, railways, electricity networks etc.. Precisely for this reason experts say that Mongolia can really take advantage of its resources, it may take years.
Mongolia, is now one of the countries on which the major focus of investors attention. In recent months, the stock market in Ulan Bator was the best in the world.The MSE Index Top 20 in early 2009 to date has earned over 300%, mainly due to the mineral resources of Mongolia. In fact, Mongolia is ranked fourth in the world for reserves of copper and coal reserves for ninth place, also in the country there are also large deposits of uranium, gold, lead, zinc and iron.The potential of Mongolia seems to be huge also because much of the territory has yet to be explored. It is thanks to booming commodity that Mongolia recorded a strong growth for years, in fact, the International Monetary Fund for the period 2013-2016 envisages an increase of 20% per year , the per capita GDP of Mongolia is expected to increase by 2018 from the current 2 thousand dollars up to 8 thousand dollars.To date, investing in Mongolia is still very speculative and risky.
Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
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