Quote Originally Posted by InvisibleBison View Post
It's on the table of free actions in the Actions in Combat section.
That says to prepare it, not bring it out of storage though. It also doesn't say that it is a special property of the spell component pouch either. I guess technically the rules don't require you to have the component in hand to cast as it only requires you to possess the item, but then that invalidates the need for the grapple component retrieval rule. Except for the specific rule requiring components to be in hand while grappled... Although I think the intent is for components to be in hand/touching your body in some way, maybe it is something they wanted to do away with similar to overrun on a charge which is mentioned in a few separate places.