ok the cheapest way to get 99 smithing is smithing gold ores into bars
using goldsmithg gauntlets, so in this way u receive a little bit more xp per bar.
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To get a skill cape you must get 99 in the one of the following skills Attack:99 Strength:99 Defence:99 Magic:99 Range:99 Prayer:99 Constitution:99 Mining:99 Smithing:99 Herblore:99 Agility:99 Slayer:99 Farming:99 Hunter:99 Construction:99 Summoning:99 Crafting:99 Thieving:99 Firemaking:99 Fishing:99 Cooking:99 Runecrafting:99 Dungeonearing:99 or true skill mastery:120. Hope this helped :)
Well if you want the slowest xp but the cheapest way to 99 crafting. Well here it is, 1-99 cut opals all the way but this will take a while as in (5 months) you will need to cut atleast 1m opals but it can make you some money depending on the price of them.
37224xp is required for 40 smithing
It saves a spot when smithing because you can wield it.
You would be best off to buy them through the Grand Exchange. But if you insist on doing it the hard way... Planks: You can get logs exchanged for planks at the sawmill (for a fee). Steel Nails: You can make nails through Smithing. You will need a steel bar and a Smithing level of 34. One steel bar will yield 15 nails.