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Ring of Fire

He wasn't wearing it in the movie because the point was to keep it safe, and unknown.

It was given to him when he first landed, as Gandalf the Grey.
 
The holders of the three rings is supposed to be kept a secret. Frodo just happens to see Galadriel's in Lorien. No one else does though.

Also, there are a lot of thinks PJ forgot to put into the movie (or took out "accidently").
 

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