Elixir/Elixir of Life In Alchemy, frequently used names for the Philosopher's Stone. The Elixir has healing proper- 88 elements ties, healing the defi ciencies and imperfections of base metals so that they can be transmuted into the perfect metals of GOLD and SILVER. The Elixir also heals the imperfections in humans, creating longevity and potentially immortality. Paracelsus developed hundreds of elixirs for treating various medical conditions, disorders, and illnesses; his most famous was aurum potabile, or “potable gold.” Elixirs for immortality are more common in Eastern alchemy than in Western alchemy. mercury and cinnabar are frequently named ingredients.