The spelling of the word "godbold" can be explained through the International Phonetic Alphabet (IPA) phonetic transcription. The initial sound "g" is pronounced as /ɡ/, the vowel sound "o" is pronounced as /ɑ/, and the consonant sound "d" is pronounced as /d/. The following two sounds "b" and "o" are pronounced as /b/ and /ʊ/ respectively. The final sound "ld" is pronounced as /ld/. Therefore, the correct pronunciation of the word "godbold" is /ˈɡɑdbʊld/.