3 Praised (honored, blessed) be the God and Father of our Lord Jesus Christ (the Messiah)! By His boundless mercy we have been born again to an ever-living hope through the resurrection of Jesus Christ from the dead, 4 [Born anew] into an inheritance which is beyond the reach of change and decay [imperishable], unsullied and unfading, reserved in heaven for you, 5 Who are being guarded (garrisoned) by God's power through [your] faith [till you fully inherit that 1 final] salvation that is ready to be revealed [for you] in the last time. 6 [You should] be exceedingly glad on this account, though now for a little while you may be distressed by trials and suffer temptations, 7 So that [the genuineness] of your faith may be tested, [your faith] which is infinitely more precious than the perishable gold which is tested and purified by fire. [This proving of your faith is intended] to redound to [your] praise and glory and honor when Jesus Christ (the Messiah, the Anointed One) is revealed. 8 Without having seen Him, you love Him; though you do not [even] now see Him, you believe in Him and exult and thrill with inexpressible and glorious (triumphant, heavenly) joy. 9 [At the same time] you receive the result (outcome, consummation) of your faith, the salvation of your souls.
10 The prophets, who prophesied of the grace (divine blessing) which was intended for you, searched and inquired earnestly about this salvation. 11 They sought [to find out] to whom or when this was to come which the Spirit of Christ working within them was indicating when He predicted the sufferings of Christ and the glories that should follow [them]. 12 It was then disclosed to them that the services they were rendering were not meant for themselves and their period of time, but for you. [It is these very] things which have now already been made known plainly to you by those who preached the good news (the Gospel) to you by the [same] Holy Spirit sent from heaven. Into these things [the very] angels long to look!