I currently have a small set of hand tools, but do not use some very often. One hand saw that I own (stored on a shelf with my other tools in the basement) has rusted quite a bit on the blade, and I want to avoid that occurring with my other hand tools.
WD-40 seems to be not the best solution, because it stinks and often attracts dust. Is paste wax acceptable for use to prevent rust or corrosion? I'm planning on warming it up and passing it over the steel parts of the tool.
I've also heard that desiccators can be effective to dry out tool storage. Can this be accomplished with silica gel packets? Should I also oil the tools in some way?