Alchemy is derived from the Arabic word al-kimia, is both a philosophy and an ancient practice focused on the attempt to change base metals into gold, investigating the preparation of the “elixir of longevity”, and achieving ultimate wisdom, involving the improvement of the alchemist as well as the making of several substances described as possessing unusual properties. The practical aspect of alchemy generated the basics of modern inorganic chemistry, namely concerning procedures, equipment and the identification and use of many current substances.