DaimonOfAlohr
If you read all the way through he actually holds one of the rings which Gandalf shows up with in the when the elves leave middle earth
What? The three rings originally belonged to Galadriel, Gil-Galad and Círdan. Gil-Galad's ring was eventually given to Elrond and Gandalf received Círdan's. The rings are "a means of power," and Tolkien himself states in
The Letters that both good and evil desire a measure of control over this power. Tom Bombadil, however, has renounced control and takes "delight in things for themselves...watching, observing, and to some extent knowing [them]" (179), so to him these means of power are valueless.