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https://ColdCoins.coSomeone recommended the following method to me and it is really an outstanding way to secure your wallet AND add redundancy. My friend compared it to the horcruxes in Harry Potter.
-First, You'll want to boot into linux (you can do this on a flash drive, if you don't know how to do this, comment here and I will be happy to help you out) and do not connect to the internet at all.
-Second, you should already have the java applets
www.bitaddress.org and
www.passguardian.com saved on a flash drive. You'll need to access these files (they'll open in the internet browser.
-Third, the bitaddress applet will generate a public key (bitcoin address) and a private key (the password you need to extract your bitcoins). Save the public key somewhere (perhaps the flash drive) so that you can send BTC into that BTC address.
-Fourth, copy the private key and open the passguardian applet. You will want to select split a secret. Here you will paste the private key into the box that says "secret to share".
-Next, you select the number of shares (i usually pick 7) and threshold (i usually pick 4). This means that you will receive 7 different passcodes and in order to recover your "secret" you need to have any 4 of the 7 shares.
So passing it out to 7 shares to 7 people that you could trust, parents get one, sister, friends, etc. But shit happens. People lose stuff, houses burn down, people get robbed. If you set it up this way, you only have to rely on 4 out of 7 people to actually keep that share.