You can get a good 1TB HDD for $50.
> Most of planet earth relies primarily on magnetic storage including people outside the data center.
Right. And I'm arguing SSDs are sturdier in that regard when not safe in a chassis somewhere. SSDs can withstand higher shock forces, have no glass platters or mechanical arms that can contact each other, and are not affected by magnetic fields.
Also you could buy 2 6tb hdds [3] for the price of that single ssd and mirror them for another level of redundancy, so in my book they come out way ahead of ssds and cloud storage for backup/archival purposes.
1: http://www.tomshardware.com/reviews/a-sturdy-companion,758-2...
2: http://superuser.com/questions/568336/what-is-the-tolerable-...
3: https://smile.amazon.com/Marshal-7200RPM-Internal-MAL36000NS...
If your proposed backup solution is only used for periodic backups and isn't in constant heavy use 2 $50 1tb drives in raid1 would be quite secure against data loss and last years and for a bonus would be unlikely to be compromised by hackers or mined by the nsa for signs you are a terrorist.
If you project replacing the drives every 5 years your annual cost could be $20 and your up front cost no higher than dropbox. Its even entirely likely that you could get by with a single drive for a annual cost of $10.
I priced out getting an external SSD drive ($300 for 1TB). Its cheaper for me to just buy a year of Dropbox at a time (1TB @ $100/year if paid annually).
https://www.dropbox.com/en/help/113