Editor Pick
Black Market
This is a bargain hunter's dream, however, be aware of pick pockets—they are very good here. This market offers everything from clothes and shoes to antiques and ger making supplies. Barb and I bought the majority of our camping supplies here, but do yourself a favor and do not buy a tent. The ones they sell here are cheap Chinese tents that will leak.
For serious camping supplies go to Seven Summits across from the tourist information center. They rent high quality tents and sleeping bags at a reasonable rate. The staff are extremely helpful and speak English.
The Black Market also features a food market. You can buy almost anything from the vendors. All the meat is butchered fresh, you can see piles of pigs being rolled in on trolleys daily.
This market also features designer knock-offs galore, but control yourself... you still have to get through customs. Don't forget to haggle, but be friendly about it. Start at about 75% of the asking price... unlike China, these vendors do not ridiculously inflate the price. Even if they won't haggle remember that you are getting it cheap either way, don't be petty. Think about it this way: you are investing in Mongolia's future. The entrance fee, if I remember correctly, is 50 tugrik. A very small price to pay to experience the shopping experience of a lifetime.
From journal Mongolian Mishaps