Thanks Rossko, you bring up an interesting point:

To me, "caching" means a temporary storage (e.g. for performance) that does 
not live beyond the session, which is different from some persistent 
storage, like a database, for example, where the value is associated with 
other data. But maybe my understanding is wrong.

In my case, the purpose of the data would be to allow users to put up 
property for sale, which a prospective buyer can then locate again on a 
Google map. The co-ordinates that the user plots would be stored along with 
the property listing. (Sounds like it contravenes 10.2(b) of the ToS, but 
that seems to address usage of Google's Content, not one's own).

The service will of course be free (though perhaps ad-sponsored, which I 
think is still in line with the ToS) and public.

I am not sure what you mean though by "time-limited" (don't see mention of 
this in the ToS), though of course listings would expire, and users have 
complete control over their data and can delete it at any time.

That said, the workarounds described in this thread (such as forcing the 
user to place a marker) seem to just bypass these restrictions anyway. (I 
mean, having the user move the marker after geocoding could be construed to 
result in a "derivative" work anyway - perhaps).

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