I think that by Elrond saying that her life is bound to the ring i think he means that if the ring is given bakc to sauron that she die becuase the ships to Valinor cant carry her back. I dont think he life is connected to the ring though.
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Miniature Rohirrim armor: $500. Amount of fuel it took pippin to light the beacons: $20. Seeing your two favourite hobbits get wasted and drunk: priceless
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