Rings of Power talk!

[Puddleglum]

Originally Posted by jallanite

At that time Frodo is unaware that Elrond and Gandalf were bearers of two of the three Elven-rings

Well, we don't actually even "know" that. The record that became LOTR was, ostensibly, written by the Hobbits (primarily Frodo) and it doesn't explicitly "mention" the location of the other two rings before this, but the record wasn't essentially ABOUT the location of the three rings and there would have been no driving reason for Frodo to report it even if he had known (as interesting as it may have been to *US* to read it ).

So, maybe he did know, maybe he didn't.

My personal belief is that he "did" know. But that's only because he had become professionally aware of Rings (as a ring-bearer and having seen one of the rings earlier) and so would be more likely than most people (like Merry or Pippin) to "connect the dots" and conclude that "that Blue stoned ring on Elrond's hand may well be one of the Three", etc.