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Alchemists believe that the pathway to true power comes from transmuting (changing) elements through their decomposition and recomposition. Though their goals may vary, they have three key objectives: To create a philosopher's stone, to create an elixir of life, and to change base metals like iron and lead into noble metals like silver and gold.
Gravity Falls (the show and the place) is riddled with alchemical symbols of various meanings. Although there has been no alchemy actually shown in the episodes of Gravity Falls, two of the show's main characters, Grunkle Stan and Bill Cipher, both talk about stockpiling gold. My theory is that these gold reserves are needed to fuel an alchemical process that will open the portal showcased in the last episode, Gideon Rises.
But what do you think? Leave your theories and suggestions in the comments below!
ALCHEMY IN GRAVITY FALLS: The Royal Order of the Holy Mackerel