How much would a dollar be worth now trade weighted against the G7 currencies if it had not been removed from?

Question

the gold standard? How would staying in have affected the price of gold and what advantages and disadvantages have we had as a result of the change?

Answer 1

Since current price of gold is record-high - so value of gold-standard based dollar would be much higher too. But you should take into account that in such situation many of monetary policy tools of economic stimulation would be much less effective. Another problem should be mentioned - balance of trade - with high-valued dollar it would be harder to export and easier to import - thus US deficit would be even higher.