When at last she spake: "I will greet the king," men saw him stand before her with his nearest kin, but Hagen durst not come before her. Well he wot his guilt; 'twas he had caused her dole. When now she would forego her hate of Gunther, so that he might kiss her, it had befitted him better had she not been wronged by his advice; then might he have gone boldly unto Kriemhild. Nevermore was peace between kindred brought to pass with so many tears; her loss still gave her woe. All, save the one man alone, she pardoned. None had slain him, had not Hagen done the deed.

Not long thereafter they brought it to pass that Lady Kriemhild gained the hoard from the Nibelung land and brought it to the Rhine. It was her marriage morning gift (1) and was hers by right. Giselher and Gernot rode to fetch it. Kriemhild ordered eighty hundred men, that they should bring it from where it lay hid, where it was guarded by the knight Alberich (2) and his nearest kin. When they saw those from the Rhine coming for the hoard, Alberich, the bold, spake to his friends: "Naught of the treasure dare we withhold from her, sith the noble queen averreth it to be her marriage morning gift. Yet should this never be done," quoth Alberich, "but that with Siegfried we have foully lost the good Cloud Cloak, for fair Kriemhild's love did wear it alway. Now, alas, it hath fared ill with Siegfried, that the hero bereft us of the Cloud Cloak and that all this land did have to serve him."

Then went the warder to where he found the keys. Before the castle stood Kriemhild's liegemen and a deal of her kinsfolk. Men bade carry the treasure hence to the sea, down to the boats; one bare it then upon the waves to the mountains on the Rhine. Now may ye hear marvels of the hoard, the which twelve huge wains, packed full, were just able to bear away from the hill in four days and nights and each must make the trip three times a day. There was naught else but gems and gold, and had men paid therewith the wage of all the world, not a mark less had it been in worth. Forsooth Hagen did not crave it so without good cause. The greatest prize of all was a wishing-rod (3) of gold. He who knew its nature, might well be master over any man in all the world.

Many of Alberich's kinsmen journeyed with Gernot hence. When they stored away the hoard in Gunther's land and the queen took charge of everything, chambers and towers were filled therewith. Never did men hear tales told of such wondrous store of goods. And had it been a thousand times as much, if the Lord Siegfried were but alive again, Kriemhild would fain have stood empty-handed at his side. No more faithful wife did hero ever win. Now that she had the hoard, she brought many unknown warriors to the land. In truth the lady's hand gave in such wise that men have never seen such bounty more. She used great courtesie; men owned this of the queen. To the rich and the poor she began to give so greatly that Hagen said, should she live yet a while, she would gain so many a man for her service that they would fare full ill.

Then spake King Gunther: "Her life and her goods be hers. How shall I hinder that she do with them as she will? Forsooth I hardly compassed it, that she became thus much my friend. Let us not reck to whom she deal out her silver and her gold."

Spake Hagen to the king: "No doughty man should leave to any wife aught of the heard. With her gifts she'll bring about the day when it well may rue the brave Burgundians sore."

Then spake King Gunther: "I swore an oath, that nevermore would I do her harm, and will keep it further, for she is my sister."

Spake then Hagen: "Let me be the guilty one."

Few of their oaths were kept. From the widow they took the mighty store and Hagen made him master of all the keys. This vexed her brother Gernot, when he heard the tale aright. Lord Giselher spake: "Hagen hath done my sister much of harm; I should prevent it. It would cost him his life, were he not my kin."

Siegfried's wife shed tears anew. Then spake the Lord Gernot: "Or ever we be imperiled by the gold, we should have it sunk entirely in the Rhine, that it belong to none."