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What is the speculative philosophy that Alchemists believe?

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What is the speculative philosophy that Alchemists believe?

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The best-known goals of the alchemists were the transmutation of common metals into gold (called chrysopoeia) or silver (less well known is plant alchemy, or “spagyric”); the creation of a “panacea”, or the elixir of life, a remedy that, it was supposed, would cure all diseases and prolong life indefinitely; and the discovery of a universal solvent.

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