Bob from Florida
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But you still get ground loops from the twisted pair ground. And the shield is still conected to both grounds thru the twisted pair. And the best cable for unbalanced is still coax, which that is not.
That's not how you get ground loops. If your unbalanced "ground" wire is connected to chassis ground which is in turn connected to a power cord ground wire in 2 or more pieces of gear that all have grounded power cords - then you have potential for ground loops due to the power cord grounds. Double insulated gear without earth grounded power cords perform best with unbalanced connections between gear.