It seems to me that the Armory is down long ago (Usability Issue).
You need a modern computer with a decent amount of RAM to run Armory, but if you've got enough Bitcoins to worry about losing them then it shouldn't be a problem to spend a couple of them to upgrade your computer if necessary.
I have this same question.. How do you do a Cold Storage? Do I just put all my BTC I want to keep in my wallet on my PC and then copy that wallet to a USB drive(Maybe 2 or them?) and then delete the wallet on my PC and I now have cold storage?
And what is meant by back it up with paper?
Please explain or point me to a good thread on the subject..
https://bitcoinarmory.com/using-offline-wallets-in-armory/