This issue takes a break from the view of the new young (still kind of the old) Loki and follows the older (but possibly younger?) Loki. Loki is doing laps around the space/time continuum. We follow the aged trickster back in time to him greeting a young (and still prince) Odin. Loki gets the future king (and his adoptive father) into a heap of trouble after he takes out a shape changing man from a nearby town.
Side note: Odin’s all “That large beaver meant us no harm” but the both of them a clearly wearing leathers and eat meat. Both of these things involve killing animals that more than likely meant no one any harm. Loki just happened to kill a man in the form of a man-sized otter.

Jenny Frison cover = Old Man Loki +reflective riches Loki front and center conveying his self centeredness.
Anyway, they stop in to a pub and order some mead, but Odin picks up on that another patron is waiting for his son who was hunting supper. Dun dun… his son was the otter. One brother demands blood, the other demands retribution in the form of gold. Loki (the hardened old man Loki) shoots a fish with a bazooka to collect a treasure. Well, not exactly, he shoots a dwarf who can turn into a fish (his name is Andvari and this is a Norse folktale that is weaved in) The gold is cursed. And the character Regin behaves about the way he was written to traditionally. Andvari’ gold exemplifies the traits of each man who keeps it, Regin turns vengeful and Fafnir turns greedy (and into a dragon, he refused to leave the treasure and his body became deprived of food and water and survived off of spells and magic in the air and it transformed him… which is a very interesting idea). Sigurd, the first hero of Asgard, some years later, comes into the same tavern, he is served by Regin who has forged a mighty sword (Gram, the sword young Loki gets in Point NOW) to exact revenge, he gives it to Sigurd. IF Sigurd will slay (the now dragon) Fafnir and bring him his heart.
Sigurd, being a legendary hero, does this mightily and then returns to Regin (who tries to stab him in the back. Literally). Sigurd keeps Gram. And some years later discards it. King Bor dies later still, and the still prince Odin finds it. Old Loki arrives and tells Odin to hide the sword in a box with 5 keys and save it… for this young Loki…
What does that mean?!
And if that wasn’t crazy enough, Sigurd in the PRESENT goes in search of his sword, finds that Loki already got there and vows to steal it back.
This series is so utterly and consistently good. I can’t begin to imagine why the haggard old man Loki has set this all into motion, but when he looks in on his other self (with Verity!) and says, “What a precious little girl child I am.” it poked fun at the taunts that Loki looked like “he’s from Twilight” or whatever crazy crap my friends thought about this. It’s a great story, about wanting redeption but knowing that you don’t really deserve it, and that you won’t really get it. But striving on anyway. The older Loki still considers himself the God of Evil… so why has he lead this Loki that seeks redemption to the ultimate weapon? What’s the end game?!
Well, I’m unsure… but I am exorbitantly intrigued.
Lee Garbett’s drawing and Nolan Woodard’s art suit this tale perfectly shadowy but still crisp, undertones of red, gold and green illuminate the pages. The toothy dragon is larger than life, his heart is larger than a man. The fight scenes are detailed. Loki is hardened and wrinkled, a stark contrast next to the goofy young Odin.
And Sigurd: the first hero of Asgard is Black. I love Marvel.