I recommend backing up .pst files to magnetic media such as a tape backup (expensive) or flash RAM (inexpensive). The latter can be done via a USB connection and a 'thumb' type drive so it's quite convenient. Just be sure to use a device with removable memory cards so they can be stored in an electrostatic bag off site. I would not recommend CDs. Most CDs degrade within 3 years.
Nowadays E-mail is business transactions and receipts so having a reliable long-term records is important imo.
Could you please elaborate on this?
We have this discussion about once a year and I have not seen any recently.
All media deteriorate, but CDs are so ubiquitous now and people rely on the writeable ones so much that is deserves a current discussion.