Úlfs bága verr ægis
ítrbáls hati málu;
sett eru bǫrð fyr bratta
brún Míms vinar rúnu.
Orms váða kann eiðu
allvaldr gǫfugr halda;
menstríðir, njót móður
mellu dólgs til elli.
Hati ítrbáls ægis verr málu bága úlfs; bǫrð eru sett fyr bratta brún rúnu vinar Míms. Gǫfugr allvaldr kann halda eiðu váða orms; menstríðir, njót móður dólgs mellu til elli.
The hater of the precious pyre of the sea [GOLD > GENEROUS MAN] defends the wife of the wolf’s enemy [= Óðinn > = Jǫrð (jǫrð ‘earth’)]; prows are placed before the steep edge of the confidante of Mímir’s <mythical being’s> friend [= Óðinn > = Jǫrð (jǫrð ‘earth’)]. The glorious mighty ruler can hold the mother of the serpent’s harmer [= Þórr > = Jǫrð (jǫrð ‘earth’)]; necklace-destroyer [GENEROUS MAN], enjoy the mother of the giantess’s enemy [= Þórr > = Jǫrð (jǫrð ‘earth’)] until old age.
[2] ítrbáls (n. gen. sg.) ‘of the precious pyre’: Skj B takes ítrbáls ‘of the precious pyre’ as two separate words and construes ítr hati báls ægis ‘the precious hater of the pyre of the sea’ (so also SnE 1848-87, SnE 1879-81 and Konráð Gíslason 1895-7), which is unsatisfactory from the point of view of word order (see NN §3260A).