Explain the price-specie flow mechanism under the Gold Standard by using an example with the following information (hint: please show relevant figures reflecting the information together with a brief description):

# Mint parity exchange rate $/ = 5.

# Two gold points (due to gold transportation cost): $/ = 4.5 and $/ = 5.5.

# Due to high demand for British products by American people, the market exchange rate would go beyond the gold points in the absence of gold arbitrage.