What codec should I use for iTunes?

[CheesePoofs]

For the best sound quality without having to use too much hard drive space?

 

[chuckywang]

mp3?

 

[Krk3561]

MP3 Custom 192 VBR Higest Quality

 

[mrSHEiK124]

Best sound quality and the built in iTunes encoder don't go hand in hand, go download EAC and use it to rip your CDs with LAME at --alt preset standard