Well, maybe not so much. That's kind of a 19th-20th century interpretation. We didn't want to believe that all these smart people really were into stupidity like turning lead into gold. Surely it must be much deeper than that! It must have been metaphors! But maybe not. Maybe they literally were into what they said they were into. It's not unlike how people want to claim that various religious stories weren't "really" about what they claim to be.