In Context

2 according to the foreknowledge of God the Father, in sanctification of the Spirit, that you may obey Jesus Christ and be sprinkled with his blood: Grace to you and peace be multiplied.

3 Blessed be the God and Father of our Lord Jesus Christ, who according to his great mercy became our father again to a living hope through the resurrection of Jesus Christ from the dead,

4 to an incorruptible and undefiled inheritance that doesn't fade away, reserved in Heaven for you,

5 who by the power of God are guarded through faith for a salvation ready to be revealed in the last time.

6 Wherein you greatly rejoice, though now for a little while, if need be, you have been put to grief in various trials,

7 that the proof of your faith, which is more precious than gold that perishes even though it is tested by fire, may be found to result in praise, glory, and honor at the revelation of Jesus Christ—

1 Peter 1:5 in Other Translations