Does the convenience of digital music and mp3 downloads outweigh the majesty of a 12" vinyl record in a gatefold sleeve? No. Not even close, but I'm a realist. Not everything that's released now has a vinyl edition and vinyl is still fraught with the same dangers it always was - fingerprints, scratches etc.
So I store my music in two places. On an external hard drive and on my iPod. I have an iPod Classic with 160GB capacity. That means, in the format I use, I have over a month's worth of music I can carry with me. The iPod is starting to wheeze a little as it climbs stairs, though. It's not going to last many more years. I'd looked at the other options (ie not Apple) and there are very few options at the moment. High-capacity mp3 players aren't in vogue, with the current focus on "The Cloud".
I'm not over-enamoured with the cloud-storage idea. One is paying for it continually and it assumes a constant internet connection, or multiple connections. Another solution is expected later this year, though. Modern mobile phones use micro-sd memory cards. At the moment, the maximum capacity is 64GB but the internet is alive with speculation about a 128GB micro-sd card. One of those would probably work in my phone.
Let's be clear about this, because this is a mindjob. The amount of music that, when I was a young man, used to take up enough record cases to fill a small room, can now be carried around on a gadget which is about the same size as a pack of cigarettes. And in the very near future it'll fit onto something about the size of a stamp, that'll slip into a slot in a phone I carry around in my pocket.
Wow.