I rip to drives but store my hard copies.
My music comes from places like Screen Archives and La La Land Records. Oddball and hard to find soundtracks from TV shows and movies mostly.
I finally caught up to a fellow and got him to bump over an imported LP of music from the Desilu Untouchables series. He’s a musician and has a fair home studio last I saw several years ago.
I do that, too, and for my CDs I make MP3 discs to play in my car that fortunately has a CD player in it.
That way, I don’t risk ruining the original, which if it goes out of print, so to speak, cannot be had ever again.