North Carolina-Style Vinegar Barbecue Sauce

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4 ounces applewood-smoked bacon (in one piece), cut into large chunks

3/4 cup beef stock or broth

1 1/2 cups apple cider vinegar

1/2 cup white vinegar

1/4 cup packed dark brown sugar

1/4 cup ketchup

2 teaspoons red pepper flakes

1 teaspoon chipotle chile powder

Kosher salt