Most of the time that is correct, most of the time the price difference between it and my ram isn't just $60 though
Right now isn't ideal time to upgrade unless you have to.
Depending what your current PC is now, the sensible upgrade could be the safest option until ram prices drop. No idea when that might be
CPU & GPU not much use without ram. Ram is needed for all the operations on the PC. It can't even start without it (but then you also need PSU and MB, so there are a few vital parts to all PC really

). Having 2 matching sets of ram is really helpful as it reduces the chances of memory errors. Shame lots of videos are telling people to buy 1 stick now, and 1 later. One way to make BSOD happen.
This could resolve the ram problem over time (only as it moves AI away from using dram