"My CE Hell Razor was sitting dry in a drawer right next to a number of my satin SR-101 blades when Hurricane IKE knocked out our electricity and A/C for a few days. During that period inside house humidity must have picked up a bit.
All knives were in a carpet lined drawer in my office. NONE in sheaths, NONE touching each other. Only the Hell Razor rusted. NO rust on ANY of my satin SR-101 blades."
I keep my knives in a wooden chest in a walk in closet...But one thing you might try, --which I do - I keep 3 large bags of desiccant in the chest with my knives. The desiccant will absorb any moisture and keep the environment nice and dry. I use military grade desiccant (desiccite 25)about 3/4 pounds of it. Just FYI <img src="/ubbthreads/images/graemlins/wink.gif" alt="" />
Also, Boeshield T-9 lubricant is an awesome steel protection lubricant invented by Boeing. It is used in the military and at NASA for corrsion prevention. I really like it but I do plan to try the Ren Wax. Here is an excerpt from the Boeshield web site :
"Boeshield T-9® Was developed by The Boeing Company
for lubrication and protection of aircraft components. It is
a combination of solvents, lubricants, and waxes designed
for penetration, moisture displacement, lubrication and
protection. Boeshield T-9® dries to a thin waxy film that
clings to metal for months. "
And amen to what Dan said! <img src="/ubbthreads/images/graemlins/thumbup.gif" alt="" />