The great catalogue of gold-kennings: Ægir's fire, Glasir's foliage, Sif's hair, Fulla's headband, Freyja's weeping, Draupnir's drops, the otter-payment, the seed of Fýrisvellir and Hölgi's mound-roof — periphrases whose stories are explained in the following chapters.
Hvernig skal kenna gull? Svá, at kalla þat eld Ægis ok barr Glasis, haddr Sifjar, höfuðband Fullu, grátr Freyju, munntal ok rödd ok orð jötna, dropa Draupnis ok regn eða skúr Draupnis eða augna Freyju, otrgjöld, nauðgjald ásanna, sáð Fýrisvalla, haugþak Hölga, eldr allra vatna ok handar, grjót ok sker eða blik handar.
How shall gold be periphrased? Thus: by calling it Ægir's fire and the needles of Glasir, Sif's hair, Fulla's headband, Freyja's weeping, the mouth-tale and voice and speech of the giants, Draupnir's drops and Draupnir's rain or shower, or [the rain] of Freyja's eyes, the otter-payment, the Æsir's enforced ransom, the seed of Fýrisvellir, Hölgi's mound-roof, the fire of all waters and of the hand, the stone and skerry or gleam of the hand.