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Updated: May 25, 2025
First, Regin asked for some of the gold, but not a penny would Reidmar give. So the two brothers laid their heads together and slew their sire. Then Regin begged Fafnir to share the gold with him. But 'no', Fafnir was stronger, and said he should keep it all himself, and Regin had best be off, unless he wished to fare the same way as Reidmar.
Andwari pronounces a terrible curse upon the treasure and its possessors, and this curse passes from Loki to the Giant Hreithmar, who is murdered when asleep by his two sons "Fafnir" and "Regin". The latter, however, is cheated out of the coveted prize by Fafnir, who carries it away to the "Gnita" heath, where he guards it in the form of a dragon.
Siegfried answered by telling how, when in the heyday of his youth, he had slain Fafnir, the keeper of this hoard, upon the Glittering Heath; and how, while still in the narrow trench which he had dug, the blood of the horrid beast had flown in upon him, and covered him up.
Occasionally this gift seems to have been acquired by eating or tasting the flesh of a snake or dragon, as Sigurd, in the Volsung tale, first became aware of Regin's designs against his life, when he accidentally tasted the heart-blood of Fafnir, whom he had slain in dragon shape, and then all at once the swallow's song, perched above him, became as intelligible as human speech.
Such was the theme of the wondrous Volsung Tale, the far older, simpler and grander original of that Nibelungen Need of the thirteenth century, a tale which begins with the slaughter of Fafnir by Sigurd, and ends with Hermanaric, 'that fierce faith-breaker', as the Anglo-Saxon minstrel calls him, when he is describing, in rapid touches, the mythic glories of the Teutonic race.
He showed them planet after planet Marduk, where the Empire had begun, Baldur, Vishnu, Belphegor, Morglay, whence their ancestors had come, Amaterasu, Irminsul, Fafnir, finally Odin, the Imperial Planet.
He is Alberic, Fafnir Loki and the ambitious side of Wotan all rolled into one melodramatic demon who is finally torn from his throne and hurled shrieking into the abyss by a spirit representing that conception of Eternal Law which has been replaced since by the conception of Evolution.
"So he shut me in shield-wall In Skata grove, Red shields and white Close set around me; And bade him alone My slumber to break Who in no land Knew how to fear. "He set round my hall, Toward the south quarter, The Bane of all trees Burning aloft; And ruled that he only Thereover should ride Who should bring me the gold O'er which Fafnir brooded.
I have overcome King Lygni, and I have slain Fafnir the Dragon, but that is little. I would make my name the greatest in the world, and endure all that is to be endured in making it so. Then I would come back to thee in the House of Flame." Brynhild said to him: "Well dost thou speak. Make thy name great, and endure what thou hast to endure in making it so.
Sigurd answered, "Such as thy redes are I will nowise do after them; nay, I will ride now to thy lair and take to me that great treasure of thy kin." "Ride there then," said Fafnir, "and thou shalt find gold enow to suffice thee for all thy life-days; yet shall that gold be thy bane, and the bane of every one soever who owns it."
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