As far as I can tell, you should not store geocoded data from Google in a database. I have the same problem on the Drupal website. A module in which I use latitude and longitude data in a database. If you look at the terms of service indicated on the jmort253 page indicated in his answer, you will find the following:
10.1.3 Restrictions on the export or copying of data.
(a) No unauthorized copying, modification, creation of a derivative Work or display of contents. You must not copy, translate, modify or create derivative works (including creating or contributing to the database) or publicly display any Content or any part of it, except as expressly permitted by these Terms. For example, the following are prohibited: (i) the creation of the server side modification of the cartographic tile; (ii) stitching multiple static map images together to display a map that is larger than that allowed in the Maps API Documentation; (iii) the creation of mailing lists or telemarketing lists based on Content; or (iv) exporting, writing, or storing Content on a third-party platform or service based on location.
(b) No prefetching, caching, or storage of content. You should not prefetch, cache, or save any Content, except that you can store: (i) a limited amount of Content in order to improve the performance of the implementation of the API Maps if you do it temporarily, safely and in a way that does not allow the use of Content outside the Service; and (ii) any identifier or content key that the Maps API Documentation specifically allows you to store. For example, you should not use Content to create an independent database of "places" or other information about local listings.
(c) There are no bulk downloads or bulk content channels. You should not use the Service in such a way as to provide you or any other person with access to bulk downloads or bulk channels of any Content, including, but not limited to, numerical latitude or longitude coordinates, images, visible map data or location data (including company listings) . For example, you are not permitted to offer a batch geocoding service that uses the content contained in the Maps API (s).
Parts b and c really make it sound like you and I are trying to do it, no no. Am I reading this wrong?