To consist means to stand together, exist, or continue. Colossians teaches that all things consist in Christ, whose sustaining rule preserves the created order.
Definition
To consist means to stand together, exist, or subsist. It may also describe what constitutes the true or essential basis of something.
Biblical Usage
All things consist in Christ, meaning that the continuance of the universe depends upon His support and administration. Wealth, by contrast, is not essential to the highest ideal of life.
Historical Bible Dictionaries
International Standard Bible Encyclopedia (ISBE)
<p>kon-sist' (sunistemi): To stand together, exist, subsist (Col 1:17, "in him all things consist," i.e. the continuance of the universe is dependent upon His support and administration). In Lu 12:15, it translates the verb eimi, "to be," to express the thought that wealth is only an accident, not an essential to the highest ideal of life.</p>