"I shall win renown as my fathers won renown, in battle with men and in conquest of kingdoms," Sigurd said.
"Thou art not a true Volsung or thou wouldst gladly go where most danger and dread is," said Regin. "Thou hast heard of Fafnir the Dragon, whose image I have wrought here. If thou dost ride to the crest of the hills thou mayst look across to the desolate land where Fafnir has his haunt. Know that once it was fair land where men had peace and prosperity, but Fafnir came and made his den in a cave near by, and his breathings as he went to and came from the River withered up the land and made it the barren waste that men called Gnita Heath. Now, if thou art a true Volsung, thou wilt slay the Dragon, and let that land become fair again, and bring the people back to it and so add to King Alv's domain."
"I have nought to do with the slaying of Dragons," Sigurd said. "I have to make war on King Lygni, and avenge upon him the slaying of Sigmund, my father."
"What is the slaying of Lygni and the conquest of his kingdom to the slaying of Fafnir the Dragon?" Regin cried. "I will tell thee what no one else knows of Fafnir the Dragon. He guards a hoard of gold and jewels the like of which was never seen in the world. All this hoard you can make yours by slaying him."
"I do not covet riches," Sigurd said.
"No riches is like to the riches that Fafnir guards. His hoard is the hoard that the Dwarf Andvari had from the world's early days. Once the Gods themselves paid it over as a ransom. And if thou wilt win this hoard thou wilt be as one of the Gods."
"How dost thou know that of which thou speakst, Regin?" Sigurd said.
"I know, and one day I may tell thee how I know."
"And one day I may harken to thee. But speak to me no more of this Dragon. I would have thee make a sword, a sword that will be mightier and better shapen than any sword in the world. Thou canst do this, Regin, for thou art accounted the best swordsmith amongst men."
Regin looked at Sigurd out of his small and cunning eyes and he thought it was best to make himself active. So he took the weightiest pieces of iron and put them into his furnace and he brought out the secret tools that he used when a masterwork was claimed from his hands.