Interesting that you use Ren Wax. I collect ancient coins and the debate has always been spending money for Renaissance Wax or being cheap and using Minwax Wax Floor Paste, which has proven over 10 years in my collection to be virtually the same stuff, just not as refined (yellowish in the can). Its much cheaper, does the same thing, and on a knife if it yellows its no big deal to strip it with a wash of turpentine or someting and recoat. But if its a user, you'll be wearing the wax off anyway. Seems if you are waxing, Wax Floor Paste is a great option.
Also, CLP Breakfree is what I use on my firearms, in fact it is so good I have had a Mosin Nagant barreled action in my garage for 10 years plus now, once coated in CLP with a cheap paint brush and allowed to dry (1-2 weeks) and it is not rusted. This is Houston, humidity is 90% and more usually. I'm impressed, no rust.
Problem is I have a couple of Khukuris that are high carbo steel, highly polished. Any oil I put on them, including CLP, seems to bead up. The surface is so smooth, there is no surface tension to keep the oils from beading up. I'd really like a film on there. Ideas?