

When Yara Greyjoy comes to Winterfell, she finds much to find fault with in Theon's actions. The idea is central to Balon rejecting Theon's proposed alliance with Robb Stark, who has promised to make Balon King of the Iron Islands once again if he helps him defeat Joffrey Baratheon and Tywin Lannister: Balon says that no one will give him his crown and that he will take it for himself. He chides Theon for forgetting their customs in the time he has spent away from the Iron Islands, expressing regret that the Starks have made Theon "theirs". When Theon tells him that he paid for the chain, Balon rips it off and throws it into the fire, saying that he wouldn't have one of his own dressed as a whore. With their culture's tradition of being raiders, these are the only possessions that garner respect.


When Theon Greyjoy arrives home, his father Lord Balon Greyjoy points to the gold chain clasp on his cloak and asks if he paid the gold or the iron price: if he bought it with gold or took it from the body or belongings of one he defeated in conquest.
