Hi mate, the goldies aren't really worth racing these days as parts are hard to find. The stealth trannied gold car is much better but still you're much better off with something that others are running locally.
£500 is plenty especially if you buy some stuff second hand. Nicads will work but I'd advise getting a lipo and lipo charger. If you're club racing, you might need two packs, but I've raced with one pack myself and never had time to completely re-fill the pack, but it didn't matter.
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