Paul et. al. That simply is not true. The US National Electric Code requires that underground metal water piping that is ten or more feet in length must be used a grounding electrode. It also requires that the any interior metal water piping be bonded to the grounded conductor of the electrical service.
"250.50 Grounding Electrode System. If available on the premises at each building or structure served, each item in 250.52(A)(1) through (A)(6) shall be bonded together to form the grounding electrode system. Where none of these electrodes are available, one or more of the electrodes specified in 250.52(A)(4) through (A)(7) shall be installed and used.
250.52 Grounding Electrodes. (A) Electrodes Permitted for Grounding. (1) Metal Underground Water Pipe. A metal underground water pipe in direct contact with the earth for 3.0 m (10 ft) or more (including any metal well casing effectively bonded to the pipe) and electrically continuous (or made electrically continuous by bonding around insulating joints or insulating pipe) to the points of connection of the grounding electrode conductor and the bonding conductors. Interior metal water piping located more than 1.52 m (5 ft) from the point of entrance to the building shall not be used as a part of the grounding electrode system or as a conductor to interconnect electrodes that are part of the grounding electrode system." Copyright 2002 National Fire Protection Association-- Tom Horne
"This alternating current stuff is just a fad. It is much too dangerous for general use." Thomas Alva Edison