Alchemy is generally seen as an archaic proto-science based on superstition that is of little interest to the modern chemist. In truth, chemistry owes much to alchemy, which covers philosophical traditions and chemical history spanning several millennia in the Middle East, China, India and Europe. While it's true that alchemy itself hasn't survived scrutiny by modern science, it did play some role in the creation of modern scientific methods. Even though gold can't be created out of other substances, it can be extracted from a variety of substances. 
 
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