Have you ever wondered why the phono is the only hookup in your system that requires an extra wire for grounding (else it hums)? This is the result of trying to operate a balanced source in single-ended mode.
That is simply not true. It is not required. A cartridge connected to a single ended input sometimes will hum with the ground connected and sometimes without. Sometimes the ground connection makes no difference. After playing records for almost 40 years I have proven this to be true.
While it may be true that balanced equipment might have been used in the recording process, the groove in the disc is not balanced. Balanced has 2 signals of opposite polarity per channel so a stereo signal would require 4 separate signals. There is no medium (tape, vinyl, digital, etc.) that provides these balanced signals so all sources are single ended. Why even imply that vinyl is balanced?