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Alfred Bammesberger
Source: Language Change and Language Structure. Older Germanic Languages in
a Comparative Perspective, pp. 5-7.
With regard to the interpretation of the text one essential assumption seems necessary and widely
accepted, namely that rune 7 ᛟ does not just represent a letter but stands for the "name" of ᛟ .
Since the name of ᛟ is well-known from the manuscript tradition, we can assume that the word
in place of rune 7 is to be read as opal (Gmc. *opala-) 'possession'.
A further observation is necessary about rune 10. Since in runic inscriptions geminated
consonants were widely represented by a single grapheme, it is quite possible that ᚺ is in reality
to be read as h-h-. On the assumption that the above points are correct, the inscription can be
edited as follows:
The inscription may be translated as follows: 'this hereditary treasure of the Goths (IS)
sacrosanct'. This is a nominal clause with the copula unexpressed.
We can assume that from an early stage runes had "names" according to the acronymic principle,
which means that regularly a word beginning with a certain sound stood for the rune as such. We
have seen this principle at work in the Pietroassa ring, where ᛟ seems to stand for oþal…