5.  That gold which the dwarf possessed, shall to two brothers be cause of death, and to eight princes, of dissension.  From my wealth no one shall good derive.

The AEsir produced the gold to Hreidmar, and with it crammed the otter’s skin full, and set it up on the feet.  They then had to heap up the gold and cover it; but when that was done, Hreidmar, stepping forward, observed a whisker, and required it to be covered; whereupon Odin drew forth the ring “Andvaranaut,” and covered the hair.  Loki said: 

6.  There is gold for thee, and thou hast a great redemption for my life.  For thy son no blessing is decreed; of both it shall prove the bane.

Hreidmar.

7.  Gifts thou hast given, friendly gifts thou hast given not; with a kind heart thou hast not given.  Of your lives ye should have been deprived, had I foreknown that peril.

8.  But that is worse, what I seem to know,—­a strife of kinsmen for a woman.  Princes yet unborn I think them to be, for whose hate that gold is destined.

9.  The red gold, I trust, I shall possess while I am living:  of thy threats I entertain no fear; so take yourselves hence home.

Fafnir and Regin demanded of Hreidmar their share of the blood-fine for their slain brother Otr, which he refused, and Fafnir stabbed his father with a sword while sleeping.  Hreidmar called out to his daughters: 

10.  Lyngheid and Lofnheid!  Know my life is departing.  To many things need compels.[60] Lyngheid.

Few sisters will, although they lose a father, avenge a brother’s crime.

Hreidmar.

11.  Then bring forth a daughter, wolf-hearted fury!  If by a chief thou have not a son.  Get for the maid a spouse, in thy great need; then will her son thy wrong avenge.

Hreidmar then died, and Fafnir took all the gold.  Regin then requested to have his share of the patrimony, but met with a refusal from Fafnir.  Regin thereupon sought counsel of his sister Lyngheid, how he might obtain his patrimony.  She said: 

12.  Thou of thy brother shalt mildly demand thy patrimony and a better spirit.  It is not seemly, that with the sword thou shouldst demand thy property of Fafnir.

The foregoing is what Regin related to Sigurd.  One day, when he came to Regin’s dwelling, he was kindly received, and Regin said: 

13.  Hither is come the son of Sigmund to our Hall, that man of energy:  courage he has greater than I aged man:  now of a conflict have I hope from the fierce wolf.[61]

14.  I will nurture the bold-hearted prince:  now Yngvi’s kinsman is to us come; he will be a king under the sun most powerful; over all lands will his destinies resound.

Sigurd was thence forward constantly with Regin, who related to him how Fafnir lay on Gnitaheid in the likeness of a serpent.  He had an “Oegis-helm,"[62] at which all living beings were terror-stricken.  Regin forged a sword for Sigurd, that was named Gram, and was so sharp that immersing it in the Rhine, he let a piece of wool down the stream, when it clove the fleece asunder as water.  With that sword Sigurd clove in two Regin’s anvil.  After that Regin instigated Sigurd to slay Fafnir.  He said: