My method:
Convert RAWs to DNGs (same reason as boku). Have RAWs, DNGs and final post-processed TIFFs on my working hard drive.
Periodically copy everything on my working hard drive to a portable hard drive, which is usually kept at a different location. (This is mostly in case my working hard drive suddenly fails before I've finished working with a set of pictures.)
When I finish a set of pictures (for example, for one trip), I write all images associated with that set (RAWs, DNGs, & TIFFs) to two (for redundancy) gold DVDs, label them with a felt tip pen made especially for writing on CDs & DVDs, and store them in a binder. This is my permanent archive. It is certainly reasonable to write them to a spare hard drive instead of DVDs, if that's what you prefer.
Lisa