When the Nazgûl lose their bodily form, what happens to their rings?

[Inziladun]

Originally Posted by Morthoron

Ummm...if that were the case, don't you think Sauron would have levitated the One Ring out of Isildur's grasp? I mean, really, what's the point of spiriting off the Nine when his decapitated finger had the only ring that mattered? And since Isuldur was in the slice and dice mode, if the other Rings were available on Sauron's prone body, wouldn't he have lifted those as well?

I believe you are correct, Sir. Touche.
Well, the only other option I can come up with is perhaps Sauron was in possession of the Nine, but did not always physically keep them on his person. I don't think it was beyond his power to have created a storage place for them where they were available to him, but inaccessable to the Nazgûl.