[The Squatter of Amon Rûdh]

So that's what happened to the ring that was found during the trimming of The Books. No wonder it was taking so long to return from its valuation.

Better for the Ring to be in the hands of a Bush-Bombadil than a Sauron Hussein or O-Saruman bin Laden.

Are you sure that it's the One Ring? Perhaps it's just one of the Nine. In that case, perhaps one of the others does have the One. It would explain a lot.