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I would say that it is the Holy Spirit and the words of Christ (Matthew 26:26-29) -- both of whom are omnipresent -- that consecrate the elements used in the sacrament. (That is, it is not necessary to have a second person (either clergy or lay) present to perform that function.) Also, occasions would undoubtedly arise throughout Christendom when believers might be isolated from other Christians for extended periods. Therefore, although the word "communion" implies the presence of others, and (in my opinion) it would therefore be preferable (if possible) for the sacrament to be partaken in a group, I would say that communion could be self-administered, as long as the proper reverent discernment of the meaning of the elements in the sacrament were present (1 Corinthians 11:20-29).
I believe our Lord and Savior meant that whenever we partake of food we should take a moment and meditate on him and partake of the bread and the wine in remembrance of him.
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