If you don't plan on using the knife for a while, such as storage, I've heard some people using clear nail polish. If you do use it, a little wipe down with mineral is more than enough.
My son had a cheap flea Market sword that kept getting covered in rust just setting in his room. I would take it, clean it up and put some WD-40 on it and give it back and it would be covered in rust with in a week. The last time I cleaned the rust off, I wrapped it in paper towels, soaked it down with, Break-Free, and thin wrapped in plastic wrap. I let it set like there like that for a few days and then unwrapped it. By this time he forgot about the sword and I just let it set in the corner of the garage. That was a year ago and it is still rust free.
Just make sure you get the blade completely clean. You don't want to put a coat of car wax or museum wax on a dirty blade because you'll just trap the contaminates against the metal.
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