Re: How to get a start in smithing.
I was friendly with the owner of my LGS, stopped in there a couple of months ago to see if he'd let me work with his smith for free- just want to learn...
Said it sounded great to him, but by the time I slowed down enough to make it happen last month, he'd gotten busted by BATF and shut down. Allegedly, he was doing things other than selling guns legally.
But to the point- I'd approach the old-timer you mentioned. He'd probably want the help, and if he's got no one to take over his business, he might be interested in selling (of course, you'd have to decide if it's worth buying)...
Aside from "goodwill", which is the value of his customer base, he's got all the equipment and supplies- which you don't.
Might make sense, certainly worth looking into IMO.