The passage
      v3. We have received a living hope in the resurrection of the dead. Jesus has broken the bonds of death and because he lives we live also. The body will weaken and die, but in the last day we will come alive. We will rise from the dead.
      v4. We have received an inheritance kept for us in heaven. The people of Israel knew all about their inheritance from God. Their inheritance was a land flowing with milk and honey - a great nation and a great people. Yet, when this letter was written their inheritance lay in ruins. Unlike their inheritance which now stood denuded of trees, eroded, and under the subjection of a foreign power, the inheritance promised in Christ was incorruptible - it could "never perish." It was an inheritance that could not be defiled, "spoiled", affected by sin, or "fade" away, as was the inheritance of old.
      v5. We are kept safe from the forces that surge around us, both seen and unseen. The Lord keeps us safe until that wonderful day when all will be revealed. Of course, the Evil One will use all his guile and cunning to break our confidence in the Lord. Persecution, trouble, hardship, temptation, and the like, invade us daily, but through the power of the living God we can stand against his assaults.
      v.6-9. At the present moment, our faith is being put to the test, is being purified, proved by the trials we face. Persecution, trouble and the inherent difficulties that are ours in our walk along the narrow way, prove our faith. As gold is tried and purified by fire, so our faith is tried and purified by trials. This may seem troublesome now, but the present difficulties are nothing to compare with the glory that awaits us. As our faith is strengthened, so we taste the blessings of eternity.

Mercies worth thanksgiving
      How often do we forget to say thank you to our friends and especially to God, for a kindness extended toward us? Such neglect is part of the human condition. Yet, note how often the Bible writers begin their letters with a thank you to God. In our passage for study Peter thanks God for all his wonderful mercies.

1. A living hope, v3
      Death is a terrible thing, it denies everything beautiful about the human spirit. It is so terrible that we have an aversion toward ageing and death. We fear it and try to put it away. The aged in our community are ignored, even to the extent of hiding the aging process. The media promotes vitality and youth. Death in our community is hidden behind the piped music of the crematorium. It is the unspoken subject; something especially hidden from children. Death is a terrible thing, a horror. Yet, it need not be, for in Christ it has lost its sting.

2. An inheritance, v4.
      Our possessions, health, relationships, etc. make a strong claim on our affections. It is very easy to come to see them as part of the blessings of discipleship - the blessings of God. Although they are part of the bounty of God, they have little to do with discipleship. Our inheritance is eternal.

3. A safe keeping, v5.
      One of the greatest theological failures in the church today is found in our limited understanding of the doctrine of perseverance. We are unsure of our eternal salvation - will we be kept safe until that wonderful day? We are inheritors of the teachings of Pelagius - salvation is a work of man. Yet, the truth is that Christ will keep us safe. "He will shield us by the power of God until the coming of the salvation that is ready to be revealed in the last day".

4. A perfected faith, v.6-9.
      Affluence is a great physical blessing, but it is not at all helpful for our walk in the Lord. We are tempted to pad our lives for security and pleasure. In Peter's day, cross-bearing meant standing firm in the face of violent persecution. Many were tempted to compromise their faith and pour out a libation to the Emperor. We too are tempted to protect our affluent life-style. Yet, it is in the hard struggle of discipleship where our faith is purified for service in eternity, and it is only in that struggle where we catch a glimpse of the one whom we serve.

v3
      to polu "great" - the great. In the sense of degree.
      anagennhsaV (anagannaw) aor. "he has given [us] new birth" - Referring to spiritual rebirth, being "born again".

v4
      afqarton adj. "that can never perish" - incorruptible, imperishable. As concerning the resurrected body.
      tethrhmenhn (threw) perf. pas. part. "kept" - having been kept, held in reserve for a special purpose.

v5
      fouroumenouV (frourew) perf. pas. part. "are shielded" - being protected, guarded.
      eJtoimhn adj. "ready" - Qualifying the infinitive of purpose "to be reavealed"

v6.
      agalliasaqe (agalliaw) pres. "you greatly rejoice" - "You exalt", be overjoyed.
      oligon adj. "a little while". The neuter is used in adverbial expressions. Here of time. "short".
      deon (dei) pres. part. "may have had to" - [it is] necessary. "This has to be"
      poikiloiV adj. "all kinds of" - manifold. Different kinds, diverse.
      poirasmoiV (oV) "trials" - tests, temptations. Better, "temptations".

v7
      polutimoteron adj. "of greater worth" - much more precious, valuable. Faith is of greater value than gold.
      tou apollumenou (apollumi) pres. part. "which perishes" - perishing. Gold will one day disappear, unlike faith which will never cease to exist.
      dokimazomenou (dikimazw) pres. pas. part. "even though refined [by fire]" - being tested. The participle forming a concessive adverbial clause.
      apokaluyei (iV ewV) "revealed" - revelation. At the return of Christ he will be seen for who he is. Nothing will be hidden.

v8
      ouk idonteV (eidon) aor. part. "though you have not seen [him]" - having seen.
      mh oJrwnteV (oJraw) pres. part. "even though you do not see [him]" - [in whom now] not seeing. The participle is adverbial, forming a concessive clause as NIV. An ability to perceive, particularly in the spiritual domain.
      agalliasqe (agalliaw) pres. "are filled" - you exault, rejoice [with joy inexpressible]. To be overjoyed, rejoice.
      cara/ (a) "with ..... joy" - The dative is instrumental. Rejoicing with a joy that is beyond expression.
      dedoxasmenh/ (doxadzw) perf. pas. part. "glorious joy" - having been glorified. Clothed in splendour in heaven.