The argument of the best ammunition storage method has been going on for as many years as there are people who own firearms. While 100 percent approval for the best answer may be unobtainable, it is quite likely that you can find a large number of people who will at least agree that the largest threat to the shelf life of any type of round of ammunition is moisture -- pure and simple.
So with moisture being the number one reason why ammunition storage is so important, you are not likely to receive argument over storing ammo inside an open bucket. There's just too much risk involved with that method. But taking extreme measures may also not be wise. If you were to take an object like a bucket, seal it, and replace the air inside by pumping an inert gas into it (like nitrogen), you're not likely to receive a large return on your efforts and investment. The fact of the matter is, unless you plan on living for hundreds of years, the benefits of going to such trouble will be lost.
The best ammunition storage answer can be something as simple as a waterproof container stored in a cool and dry area. In fact, it really doesn't have to be any more difficult than that. Plastic ammo boxes are great for this, particularly ones that can close, thus protecting the contents from the elements. With so many different sizes made for specific ammunition in mind, they also have the additional benefit of being stacked, which makes them easier to store and to carry.
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