As I understand, the safest way to keep your bitcoins is to have them in cold storage.
After reading a few articles I just wanted to make sure the technique I will use will allow me to pull my bitcoins out of storage whenever I want:
1) Boot up a computer using a linux live cd that is not connected to the internet 2) Transfer a copy of armory over using a USB stick 3) Generate a new wallet and 1 address. Encrypt it, and keep a paper backup of it.
I can now send all bitcoin 'savings' to the 1 address that the wallet has, and even if the computer that made the wallet is destroyed I can still recover the wallet from anywhere (even if I didn't copy the wallet file anywhere) because I have a paper backup?
As I understand it this should work?