In all this you greatly rejoice,(A) though now for a little while(B) you may have had to suffer grief in all kinds of trials.(C) These have come so that the proven genuineness(D) of your faith—of greater worth than gold, which perishes even though refined by fire(E)—may result in praise, glory and honor(F) when Jesus Christ is revealed.(G)

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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.

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