The question of long-term storage gets asked frequently. Many months ago I reviewed about 3 museums websites, other than the NRA museum, about the topic of long term storage of metal items and there seemed to be universal agreement about keeping the environment humidity and temperature controlled and avoid touching the metal with your fingers. My recollection is that at least one of the museums mentioned waxing.
Below is a link to the NRA (National Rifle Association) document from the NFM (National Firearm Museum) titled Caring For Your Collectible Firearms. Here's a brief synopsis:
1. Humidity - 50% relative humidity.
2. Avoid touching the metal. Use cotton gloves when handling.
3. Protect with a quality wax at regular intervals.
4. Dust intermittently with a clean cloth.
http://www.nramuseum.com/media/940963/conservationinfo.pdf
A relative had damage to the bluing on a shotgun that accidentally came in contact with a desiccant for an unknown period of time, probably many months. The blue finish was bad enough he had it re-blued so be careful with desiccants.
A number of S&W Forum members have commented they use Bore Stores, a soft case "treated with silicone and a specially-formulated rust inhibitor", including me and I have good luck with them although my experience is not beyond 3 years. Some of my guns are wiped down lightly with gun oil and some are waxed and then placed in a Bore Stores. The below image in not from me.
All of this may be overkill. For storage, up until 3 years ago I mostly used old socks, no waxing, and no mechanism for dehumidification and no ill effects were noted. The gun I have had the longest, a Browning Medalist shown below, for roughly 45 years, sat in in its original case wrap in only a thin silicone cloth and left untouched for about 30 years before coming back out just a few years ago. It's had thousands of rounds through it and looks no worse for the wear.
Another example that suggests some of our efforts may be overkill is a recent visit to my father-in-law. He showed me an old Winchester model 12 that has been unprotected for 40 years and a High Standard .22 semi-auto stored in an old Royal Crown blue bag for about 30 years. Both are in very nice condition and show no signs of rust. Sometimes you get lucky.
Do any members have experience with long-term gun storage in a vacuum sealed bag?