May the God and Father of our Lord Jesus Christ be blessed! On account of his vast mercy, he has given us new birth. You have been born anew into a living hope through the resurrection of Jesus Christ from the dead.
You have a pure and enduring inheritance that cannot perish—an inheritance that is presently kept safe in heaven for you.
Through his faithfulness, you are guarded by God's power so that you can receive the salvation he is ready to reveal in the last time.
You now rejoice in this hope, even if it's necessary for you to be distressed for a short time by various trials.
This is necessary so that your faith may be found genuine. (Your faith is more valuable than gold, which will be destroyed even though it is itself tested by fire.) Your genuine faith will result in praise, glory, and honor for you when Jesus Christ is revealed.
Although you've never seen him, you love him. Even though you don't see him now, you trust him and so rejoice with a glorious joy that is too much for words.
You are receiving the goal of your faith: your salvation.
The prophets, who long ago foretold the grace that you've received, searched and explored, inquiring carefully about this salvation.
They wondered what the Spirit of Christ within them was saying when he bore witness beforehand about the suffering that would happen to Christ and the glory that would follow. They wondered what sort of person or what sort of time they were speaking about.
It was revealed to them that in their search they were not serving themselves but you. These things, which even angels long to examine, have now been proclaimed to you by those who brought you the good news. They did this in the power of the Holy Spirit, who was sent from heaven.