There wrought Regin

by the red embers

rune-written iron,

rare, enchanted;

of gold things gleaming,

of grey silver,

there Fafnir lay

by the fire dreaming.

Hreidmar

6

‘Do fetters fret you,

folk of Asgard?

Regin hath wrought them

with runes binding.

Redgolden rings,

ransom costly,

this fell must fill,

this fur cover!’

7

Lightshod Loki

over land and waves

to Ran came running

in her realm of sea.

The queen of ?gir

his quest granted:

a net she knotted

noosed with evil.

Loki

8

‘What fish have I found

in the flood leaping,

rashly roaming?

Ransom pay me!’

Andvari

‘I am Andvari.

Oin begot me

to grievous fate.

Gold I bid thee!’

Loki

9

‘What hides thy hand

thus hollow bending?’

Andvari

‘The ring is little –

let it rest with me!’

Loki

‘All, Andvari,

all shalt render,

light rings and heavy,

or life itself!’

10

(The Dwarf spake darkly

from his delved stone:)

Andvari

‘My ring I will curse

with ruth and woe!

Bane it bringeth

to brethren two;

seven princes slays;

swords it kindles –

end untimely

of Odin’s hope.’

11

In Hreidmar’s house

they heaped the gold.

Hreidmar

‘A hair unhidden

I behold there yet!’

Out drew Odin

Andvari’s ring,

cursed he cast it

on accursed gold.

Odin

12

‘Ye gold have gained:

a god’s ransom,

for thyself and sons

seed of evil.’

Hreidmar

‘Gods seldom give

gifts of healing;

gold oft begrudgeth

the greedy hand!’

13

Words spake Loki

worse thereafter:

Loki

‘Here deadly dwells

the doom of kings!

Here is fall of queens,

fire and weeping,

end untimely

of Odin’s hope!’

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