The ground system in a home is not for people protection it is for fire protection. If there is current on the chassis and someone touches it the breaker is probably not going kick in time to save someone. Only a GFCI which is designed to protect people may save someone from a shock or electrocution.No, that is not correct. A short between AC "hot" and the metal chassis of an audio component or any other electrical device having a 3-prong power plug is obviously very unlikely to materialize at the same instant someone touches the chassis. So the breaker will almost certainly have tripped some time prior to the chassis being touched, as a result of the excessive current that will be drawn by the short between AC "hot" and the safety ground conductor.
A GFCI can provide **additional** people protection under certain circumstances, such as in bathrooms or other areas where there is water.
And regarding fire protection, the main purpose of a breaker is to protect the AC wiring in the walls from overheating, as a result of an overload. In the event of an overload, the breaker will trip as a result of the excessive current passing through the "hot" conductor, which will normally be returned through the "neutral" conductor, not the safety ground conductor. So under most circumstances the safety ground conductor has no involvement in the fire protection provided by a breaker. That said, however, there are certain scenarios in which defeating the safety ground connection of an audio component could conceivably result in a fire hazard, as well as a shock hazard.
Regards,
-- Al