Good Hobbit Morning chapter 6 "Out of the Frying-Pan into the Fire"

"Bilbo had escaped from the goblins and had come out on the east-side of the Mountains. He soon felt alone and wondered whether Gandalf and the Dwarves were still inside the Mountain. He was considering going back to find them, when he heard voices. It was Gandalf and the Dwarves. Bilbo still had the ring on and he was delighted to see Balin - on lookout - stare right at him without seeing him. Gandalf and the Dwarves were arguing over Bilbo, so he decided to creep in amongst them and surprise them by taking the ring off. The dwarves and even Gandalf were shocked as Bilbo made his presence known. Bilbo's respect amongst the party grew considerably as he told the story of Gollum and his escape - however he made sure to keep the part about the ring to himself."