If an error occurs when recording, make sure the is selected in GoldWave and the audio hardware is capable of recording at the sampling rate and quality selected.

Try the following:

If your recording device does not support a sampling rate required, record at a supported rate, then use to convert it to the required rate.

If nothing helps, try recording in the Windows Sound Recorder accessory included with Windows (see Windows Help for details) to make sure recording is working on your computer.