Will this process work on a Mac OS X 64bit running Lion?
What about using a Virtual OS with VirtualBox? We can download and install the client on there and only be able to access it through the use of Virtual Box. Furthermore we could download and install TrueCrypt on the Virtual OS and encrypt and save the wallet on a usb drive. Or am I wrong.
Has anyone tried something similar to this?
I notice that most tutorials are for Windows or Linux users so I'd like to know if there's anyone that can help me secure my file on a Mac. Any help is appreciated. Thanks.
You can enable full disk encryption in System Preferences (it is called FileVault 2), which is more than enough if you are worried about your computer being stolen.
If you are thinking of using a Virtual Machine as an isolated environment, bear in mind that any malware running on your Mac would also be able to see into the VM. You would probably be safe enough storing large amounts in a paper wallet, and using Electrum or Bitcoin-QT for general spending money.