For years before we had stainless steel rifles and handguns, I practiced the traditions of my grandfather to protect my rifle during the wet hunting seasons we enjoyed. (Shotguns too!)
He was raised during the heyday of hardwood floors in every house, and made use of what was available: Johnson's paste wax. Apply two liberal coats to all metal surfaces, with the barreled action removed from the stock, and to all wood surfaces. Allow the paste wax to dry as per instructions on the wax container, then buff to a shine. You can't really tell the wax is there, and it really beads the water. It has virtually no odor when dry and cured, unlike a protective barrier of oil applied to a firearm. Game doesn't smell it, and you don't have to renew it during season; it even protects the bluing on firearms from normal wear from handling the gun.
Give it a try! Works on both blued and stainless guns.
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