Col 3:16 Let the word of Christ dwell in you richly in all wisdom; teaching and admonishing one another in psalms and hymns and spiritual songs, singing with grace in your hearts to the Lord.
Let the word of Christ Himself dwell in you richly, in all abundance, let it become the treasure of your heart. Men horde money, let the saints gather up, with every effort, the word of God and hide it away in the depths of you. And so the peace of God shall rule in our hearts as we put on the new man and the old man dies. The old mans treasure will ruin our ability to gather the new mans treasure. Only by moving in the riches of Christ can the riches of Christ rule and reign in our hearts. Christ Jesus Himself, the preeminent one. If He holds the highest place in your heart then you shall walk in an abundance of wisdom and knowledge and you shall be like a fruitful branch to Him, producing much fruit.
And those who so walk shall “teach and admonish one another in psalms and hymns and spiritual songs.” You will sing with grace in your hearts and with love towards God. And in the singing of the psalms and the writing of the hymns and poems we shall convey truth to one another and admonish one another and in doing all that we do it within the confines of the Word of God. And the works of God and His fruit shall be manifested in the life of the genuine believer. A word of wisdom, a word of knowledge, a prophecy, a psalm a spiritual song. Paul wonders why, when they all gather, each has a teaching, a psalm, a tongue, a revelations and so forth. How far we have fallen. Now we rarely see, if ever, any of the aforementioned gifts in the gathering, rather it is stifled by the one man system that is in direct contradiction of the commands of God “Let two or three prophets speak,” Imagine, two or three exhortations whether to reveal or admonish. Two or three spiritual songs or psalms or hymns. Imagine what God could do if we banished the clergy/laity divide and the one man system that stifles and silences the saints in direct violation of Gods word. Imagine.
A Call To The Remnant 