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Updated: May 25, 2025
This contrast is true to human nature; but it shunts The Ring drama off the economic lines of the allegory. In real life, Fafnir is not a miser: he seeks dividends, comfortable life, and admission to the circles of Wotan and Loki. His only means of procuring these is to restore the gold to Alberic in exchange for scrip in Alberic's enterprises.
When the day drew near its close, Fafnir came back from the fields with his herd of sheep, and thought to find his father guarding the treasure, as he had left him in the morning; but instead he saw a glittering snake, fast asleep, encircling the hoard like a huge scaly ring of gold.
"I will go away and await the slaying of Fafnir." He went, and Sigurd lay down in the pit they had made and practiced thrusting upward with his sword. He lay with his face upward and with his two hands he thrust the mighty sword upward.
Regin answered, "Fafnir is his name, and but a little way hence he lies, on the waste of Gnita-heath; and when thou comest there thou mayst well say that thou hast never seen more gold heaped together in one place, and that none might desire more treasure, though he were the most ancient and famed of all kings."
Here Regin ended his story, and both he and Siegfried sat for a long time silent and thoughtful. "I know what you wish," said Siegfried at last. "You think that I am the prince of whom the weird sisters spoke; and you would have me slay the dragon Fafnir, and win for you the hoard of Andvari." "It is even so," answered Regin. "But the hoard is accursed," said the lad.
It does very well as long as you are disagreeable, but when you speak softly and throw intense expression into your voice' she mimicked his tone 'it's really too funny, you know! It's just as if Fafnir were to begin singing "Una furtiva lacrima" in a voice like Caruso's! Siegfried would go into convulsions of laughter, instead of slitting the dragon's throat.
"You killed an otter!" Hreidmar cried. "Where did you kill one?" "Where I killed him is of no import to you, old man," said Loki. "His skin is a good one, however. I have it at my belt." Hreidmar snatched the skin out of Loki's belt. As soon as he held the skin before his eyes he shrieked out, "Fafnir, Regin, my sons, come here and bring the thralls of your smithies. Come, come, come!"
For a son slew a father that he might possess that hoard. Fafnir, that son was Fafnir, my brother. "Then Fafnir, that no one might disturb his possession of the hoard, turned himself into a Dragon, a Dragon so fearful that none dare come nigh him. And I, Regin, was stricken with covetousness of the hoard.
When the day drew near its close, Fafnir came back from the fields with his herd of sheep, and thought to find his father guarding the treasure, as he had left him in the morning; but instead he saw a glittering snake, fast asleep, encircling the hoard like a huge scaly ring of gold.
The wretched Fafnir, once an honest giant, can only make himself terrible enough to keep his gold by remaining a venomous reptile.
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